Japan's machine tool equipment orders fell year-on-year for 5 consecutive months

According to statistics released by the Japan Machine Tool Industry Association on the 10th, the total order for machine tool equipment in September was 107.204 billion yen, a year-on-year decrease of 3%, and a year-on-year decline for five consecutive months. According to industry analysts, sluggish domestic demand, the decline in competitiveness caused by the appreciation of the yen, and the reduction in demand in overseas markets such as China are the main reasons, and it is expected that it will be difficult to improve this year. Domestic machine tool equipment orders fell by 13.2% year-on-year, a year-on-year decline for 4 consecutive months. The industry association analyzed that because the yen has been running at a high level for a long time, in order to reduce costs, many companies have turned their investments overseas, resulting in a decrease in domestic demand. In September, the value of foreign demand (export) orders was 76.391 billion yen, an increase of 1.8% year-on-year, and the year-on-year increase for the second consecutive month. The machine tool equipment order fair held in the United States in September played a positive role to a certain extent, and the equipment orders for the automobile industry were still relatively sufficient. However, orders for machine tool equipment other than the automobile industry have been on a downward trend, and overseas orders from traditional companies such as Mori Seiki Co., Ltd. and Toshiba Machinery have decreased significantly.