Japan's machine tool orders continued to fall in August

The latest preliminary data on machine tool orders released by the Japan Machine Tool Industry Association (JMTBA) shows that in August 2011, Japan's machine tool orders were 98.962 billion yen, down 12.7% from the previous month's 113.224 billion yen, but still higher than the 2010 8 The month's 85.851 billion yen increased by 15.3%. After the number of Japanese machine tool orders exceeded 100 billion yen for seven consecutive months, the monthly order value fell back below 100 billion yen for the first time this year. From January to August 2011, Japan's cumulative machine tool orders amounted to 886.625 billion yen, an increase of 45.1% over the same period in 2010. From the perspective of domestic and foreign demand, in August, Japan's domestic machine tool orders were 37.517 billion yen, a month-on-month increase of 4.9% and a year-on-year increase of 31.1%. In August, Japan's overseas machine tool orders were 61.445 billion yen, down 20.8% month-on-month, but up 7.4% year-on-year. From January to August, the cumulative domestic orders of Japanese machine tools were 281.248 billion yen, a year-on-year increase of 46%; the cumulative overseas orders were 605.377 billion yen, a year-on-year increase of 44.7%. In August, the value of Japanese machine tool orders continued to fall month-on-month, and the year-on-year growth rate also dropped again. Affected by the increasing uncertainties in the world economy and the continuous development of debt problems in Europe and the United States, overseas machine tool orders have shrunk significantly in the past two months. At the same time, the downstream Japanese manufacturing industries, such as automobile and machinery manufacturing industries, are relatively greatly affected by the earthquake and tsunami, and it is expected that Japan's domestic orders will not be fully recovered in the future.