Mumbai, Feb. 12 -- Japan's machine tool orders rose for the fourth straight month in January, though the pace of growth eased sharply since December, preliminary data from the Japan Machine Tool Builders Association, or JMTBA, showed on Wednesday. Machine tool orders rose 4.7 percent year-on-year in January, following a 12.6 percent surge in the previous month. Domestic demand was up 4.5 percent in January compared to last year while foreign orders rose by 4.7 percent. However, on a monthly basis, machine tool orders declined sharply by 12.8 percent in January, reversing a spike of 19.9 percent in the prior month.
Published by HT Digital Content Services with permission from Capital Market....