Japan Machine Tool Builders' Association (JMTBA) reported on Thursday its preliminary estimates showed that the country's machine tool orders soared 86.2 percent y-o-y in August, following a 93.4 percent y-o-y surge in July.

According to the report, the total value of machine tool orders in August was JPY126.587 billion, which was down 6.2 percent from July’s reading of JPY134.983 billion and represented the lowest reading in three months.

In August, domestic orders amounted to JPY46.219 billion, while foreign orders totaled JPY 80.368 billion.