Japan Machine Tool Orders Fall 6.5%

(RTTNews) - Japan's machine tool orders decreased for the second straight month in September amid weaker foreign and domestic demand, preliminary data from the Japan Machine Tool Builders Association, or JMTBA, showed on Wednesday.

Machine tool orders declined 6.5 percent year-on-year in September, faster than the 3.5 percent fall in the previous month.

Foreign demand was 6.2 percent lower in September compared to last year, and domestic orders contracted by 7.0 percent.

On a monthly basis, machine tool orders surged 13.1 percent in September, reversing a 10.6 percent plunge in the prior month.