Japan's machine tool orders expanded at an accelerated pace in April amid both strong domestic and foreign demand, preliminary data from the Japan Machine Tool Builders Association, or JMTBA, showed on Friday.Machine tool orders jumped 45.1 percent year-on-year in April, following a 28.0 percent growth in the previous month. Moreover, this was the tenth successive monthly rise.Domestic orders grew...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.