JAPAN DATA: Revised monthly data from the Japan Tool.

JAPAN DATA: Revised monthly data from the Japan Machine Tool Builders’
Association:
–July machine tool orders revised up to Y105.7 billion, down 6.7% y/y,
marking the third straight monthly fall after -15.5% in June and -3.0%
in May.
–Orders from the domestic market, a leading indicator of core machinery
orders, -9.3% y/y, and those from overseas, which account for about 70%
of overall orders, -5.5% y/y.
–Orders from Asia +4.4% y/y, China +5.8%, EU -37.8%, U.S. -5.6%