Japan Machine Tool Orders Jump 28% in March

MT Newswires Live04-09

Japanese machinery orders rose 28% year over year to 193.51 billion yen in March, the Japan Machine Tool Builders Association (JMTBA) reported Thursday.

The figures reflect a rebound in global industrial capital expenditure, as well as increased industrial demand, according to an analysis by trading platform AInvest on the same day.

The figure surpassed a 24% increase in the previous month, AInvest said.

External demand jumped 40% year over year to 143 billion yen during the month, while domestic demand edged up 2.5% year over year to 50.5 billion yen, the JMTBA said in its March report.

For the first quarter, total orders increased 26% year over year to 485.8 billion yen.

External orders surged 35% year on year to 365.5 billion yen, while domestic orders inched up 4.6% to 120.3 billion yen.

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