Japan Machine Tool Orders Rise 3.0%

(RTTNews) - Japan's machine tool orders increased for the second straight month in November, preliminary data from the Japan Machine Tool Builders Association, or JMTBA, showed on Tuesday.

Machine tool orders climbed 3.0 percent year-on-year in November, though much slower than the 9.4 percent sharp recovery in the previous month.

Domestic demand was 5.0 percent higher in November compared to last year, and foreign orders rose by 2.2 percent.

On a monthly basis, machine tool orders declined 2.6 percent in November, extending the 2.2 percent fall in the prior month.