In 2011, Japan's machine tool orders exceeded 100 billion yen for 5 consecutive months

According to the latest preliminary data of machine tool orders released by the Japan Machine Tool Industry Association (JMTBA), in May 2011, the value of Japanese machine tool orders was 108.16 billion yen, a slight increase of 1.1% compared with the previous month's 106.916 billion yen, compared with May 2010. It increased by 34.2%. Japan's machine tool orders have increased for 18 consecutive months, and exceeded 100 billion yen for 5 consecutive months. From the perspective of domestic and foreign demand, in May 2011, Japan's domestic machine tool orders were 32.515 billion yen, down 2.5% month-on-month, but up 13.4% year-on-year. Among them, the growth in demand for orders from auto and construction machinery parts manufacturers is particularly strong. JMTBA said that although Japan suffered from the earthquake and tsunami disaster on March 11, because most machine tool manufacturers are located in central and western Japan, the direct damage to the machine tool industry is not serious, and the impact on the overall production is relatively light. At present, Japan's machine tool orders are generally 'stableIn May 2011, Japan's overseas machine tool orders amounted to 75.645 billion yen, an increase of 2.8% month-on-month and a year-on-year increase of 45.6%. Overseas orders mainly come from auto parts companies in North America and construction equipment manufacturers in China. In May, overseas machine tool orders accounted for 69.9% of the total machine tool orders. From January to May 2011, Japan's cumulative machine tool orders amounted to 545.818 billion yen, an increase of 52.8% over the same period in 2010. Among them, the accumulated domestic orders of Japanese machine tools were 166.498 billion yen, a year-on-year increase of 57.9%; the accumulated overseas orders were 379.32 billion yen, a year-on-year increase of 50.7%. The changing trend of Japanese machine tool orders from January 2009 to May 2011 can be seen. Since 2011, Japanese machine tool orders have continued to recover. At present, the order volume of overseas machine tools has basically recovered to the level before the crisis, but the domestic orders are only equivalent to about half of what it was before the crisis. In May, the value of Japanese machine tool orders increased slightly from the previous month, and the year-on-year growth rate also continued to decline. Although the earthquake and tsunami did not directly affect the machine tool industry, the downstream Japanese manufacturing industry as a whole was greatly affected, and it is expected that domestic orders in Japan will recover in time in the future. At the same time, as the growth rate of overseas demand has also slowed down significantly, coupled with the increase in the base, there will no longer be the surge in orders seen last year.