Japan December preliminary machine tool orders -33.6% vs -37.9% y/y prior
Latest data released by the Japanese Machine Tool Builders' Association
- Prior -37.9%
The release is a little earlier-than-expected. In monthly terms, there was a bit of a rebound in both domestic and foreign orders but overall conditions remain abysmal - as can be seen in the annual estimate above.
The reading measures the change in total value of new orders placed with Japanese machine tool manufacturers.