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Japan August preliminary machine tool orders -23.3% vs -31.1% y/y prior

AlexanderCollins
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Latest data released by the Japanese Machine Tool Orders Builder's Association - 9 September 2020

  • Prior -31.1%
Factory orders in Japan continue to look more tepid, with month-on-month levels actually falling from ¥69.8 billion in July to ¥67.9 billion in August as both domestic and foreign orders slumped last month - still way below pre-virus levels of around ~¥77 billion.
 
Relative to a year ago, conditions also remain more subdued with domestic orders down 38.6% y/y while foreign orders are down 12.0% y/y.
 
Japan August preliminary machine tool orders -23.3% vs -31.1% y/y prior

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Ranefxx
oh i see!
Kimlove
But, the latest Producer Price Index (PPI) and BSI Large Manufacturing Conditions Index are more positive: PPI moved up to -0.5% from -0.9% year on year while the BSI Large Manufacturing Conditions Index moved up to 0.1% from a forecast of -44.2%.
Mai2556
this is great info
Danny1910
👊
PabloAhmad
💪
DevlinMcabee
💪
John Kicklighter
Japan published July Machinery Orders, which improved from -7.6% in the previous month to 6.3%, beating expectations. When compared to a year earlier, orders were down 16.2%, also better than the -18.3% forecast.
ShaunManny
👍

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