According to data released by the Japan Machine Tool Manufacturers Association (JMTBA), in March 2009, orders for Japanese machine tools plunged 84.5% from the same period of the previous year, the largest monthly decline since records, and the 10th consecutive month. Unilateral decline.
In March, domestic machine tool orders in Japan fell by 86.8% from the same period of last year, and further increased from 85.6% in February. Compared with the same period of last year, foreign machine orders in March fell by 82.6%, while the decline in February was 82.5%.
Despite the grim situation, there are some bright spots. After adjusting for seasonal factors, foreign machine orders in March rose by 3.5% from February. In March, domestic machine tool orders fell by 10.9% from February. In a related commentary, Barclays Financial analysts pointed out that the only foreign machine tool orders that rose in all data pointed out that "in many cases, the recovery of the Japanese economy depends on the growth of overseas demand."
In March, domestic machine tool orders in Japan fell by 86.8% from the same period of last year, and further increased from 85.6% in February. Compared with the same period of last year, foreign machine orders in March fell by 82.6%, while the decline in February was 82.5%.
Despite the grim situation, there are some bright spots. After adjusting for seasonal factors, foreign machine orders in March rose by 3.5% from February. In March, domestic machine tool orders fell by 10.9% from February. In a related commentary, Barclays Financial analysts pointed out that the only foreign machine tool orders that rose in all data pointed out that "in many cases, the recovery of the Japanese economy depends on the growth of overseas demand."
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