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Article: JAPAN'S MACHINE TOOL EXPORTS SLIP FOR 1ST TIME IN 64 MTHS IN JAN.
- Article from:
- AsiaPulse News
- Article date:
- February 8, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TOKYO, Feb 8 Asia Pulse - Japan's machine tool exports fell 1.6 per cent to 63.2 billion yen (US$588 million) in January, the first year-on-year decline in five years and four months, the Japan Machine Tool Builders' Association said Thursday in a preliminary report.
Overall orders, including domestic shipments, slipped 1 per cent to 118.7 billion yen, the first drop in 13 months.
Exports, which had helped prop up shipments, fell mainly because the information technology industry in Asia canceled some orders. Domestic shipments dipped 0.3 per cent to 55.5 billion yen.
Although revised figures due out Feb. 14 may show stronger data, signs of a ...