Market Updates: Japanese Prelim Machine Tool Order Slipped to -18.8% - Forex News by FX Leaders

Market Updates: Japanese Prelim Machine Tool Order Slipped to -18.8%

Posted Tuesday, February 12, 2019 by
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.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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