August orders for 8 Japanese machine tools up 32%

The Japan Nikkan Shimbun summarizes the order performance of eight major machine tool companies in August, an increase of 32.9% over the same month of the previous year, reaching 42.45 billion yen, a continuous increase of 21 months. Only the previous month decreased by 7.3%, a decrease for 2 consecutive months. Intention to invest overseas continued to rise, while competition for orders intensified amid the rising yen. The trend is slow, as investment intentions wanes due to China's financial tightening. Japan's domestic market increased by 33.5% year-on-year to 17.347 billion yen, while exports increased by 32.5% year-on-year to 25.13 billion yen. Compared with the previous month, it can make the domestic increase by 7.5% and the export decrease by 15.4%. Domestic demand recovered, and external demand was 59.1%, down 60% since August 2010. In Japan, orders from the auto-related industry increased by 2.1 times year-on-year. In terms of exports, Toshiba Machinery received orders related to energy, and external demand increased by 2.2 times year-on-year. Makino Makino Milling Tool Manufacturing Co., Ltd. is also in North America, India and other places, and the sales of bedroom machining centers for automobiles are relatively good.