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JAPAN'S MACHINE TOOL ORDERS SINK 33% IN SEPTEMBER.
TOKYO, Nov 1 Asia Pulse - Japan's machine tool orders tumbled 33.2 per cent in September from a year earlier to 60.16 billion yen ($US493.2 million), the sixth straight month of decline, according to revised figures released Wednesday by the Japan Machine Tool Builders' Association.
The fall is 7.3 percentage points wider than the drop marked in August.
Orders from overseas, which account for nearly half of the total, slumped 35.7 per cent. Orders from North America plunged 49.6 per cent due to the Sept. 11 terrorist attacks on the U.S. Demand had been sluggish since the start of the year in the U.S. market, which accounts for 20 per cent of the combined machine tool orders ...
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