Wednesday, October 13, 2010

Orders for machine tools in Japan surged in August

Pretty amazing for such a strong yen, orders for machine tools in Japan jumped 10.1% in August. This is a sign that the plans for capital spending in the coming months are pretty impressive. Japanese companies remain fairly optimistic with regard to projections of future profits.
Industrial production growth in India slowed to a 15-month low in August, gaining 5.6% y / y, with 15.2% in July. India's central bank raised the rate five times last year, so the current data need to talk about the need to pause.

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