Market Updates: Japanese Prelim Machine Tool Order Slipped to -18.8%
The Japanese Machine Tool Orders fell by -18.8%, clearly indicating a slowdown in global economies.
Arslan Butt•Tuesday, February 12, 2019•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.
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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