Market Updates: Japanese Prelim Machine Tool Order Slipped to -18.8%
Arslan Butt • 1 min read
The measure shows a change in the total value of new orders placed with machine tool manufacturers. Japan Machine Tool Builders Association (JMTBA) usually releases two versions of this report about a week apart.
Preliminary – The Preliminary release is the earliest and thus tends to have the most impact.
Final – The Final is not reported for lack of significance.
As per the report, the Japanese Machine Tool Orders fell by -18.8%, clearly indicating a slowdown in global economies.