Japan Machine Tool Orders Continue To Plummet In July

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Monday, a preliminary report from the Japan Machine Tool Builders' Association showed that orders for machine tools plummeted 72.2% year-on-year in July. It follows a 78.8% drop in June.

Domestic demand slumped 72.7% and foreign demand dropped 71.9% in July over the same period a year ago.

Monday, a preliminary report from the Japan Machine Tool Builders' Association showed that orders for machine tools plummeted 72.2% year-on-year in July. It follows a 78.8% drop in June. (Market News Provided by RTTNews)