Thursday, April 9, 2009

Machine Tool Orders in Japan Close to Bottom - 0

This is amazing. Japan has a large machine tool manufacturing base. Historically they have been one of the world leaders in exporting machines that crank out products around the world. Well now they almost do not exist as they have plummetted 86.8% in March from March of 2008. According to the article:

Orders for Japanese machine tools plummeted 84.5% in March from a year earlier, the largest decline monthly decline ever recorded and marking the 10th straight month of deterioration, according to data released Thursday by the Japanese Machine Tool Builders Association.

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