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In November, Japanese machine tool orders fell by 60% year-on-year and 36.7% month-on-month
According to data released by the Japan Machine Tool Industry Association (JMTBA) on December 9, Japan's machine tool orders in November fell by 62.2% year-on-year and 36.7% month-on-month to 51.62 billion yen. Among them, domestic machine tool orders fell by 60.8% year-on-year and 32% month-on-month to 24.81 billion yen. Over the same period, overseas orders fell 63.5% year-on-year and 40.5% month-on-month to 26.81 billion yen.