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Japan's machine tool orders fell for the first time in 6 years at home and abroad

by：Gewinn 2022-05-08

According to data released by the Japan Machine Tool Industry Association (President: Kenichi Nakamura) on July 9, the total machine tool orders (express) in June were 128.1 billion yen, a decrease of 2.7% over the same month of the previous year. Japan's domestic demand was lower than the previous year for five consecutive months, and foreign demand was also lower than the previous year for the first time in five months. For the first time in six years, both domestic and foreign demand were lower than the previous year's level. Previously, Japan has been making up for the decline in domestic demand through exports, and the industry association believes that 'exports have also stagnated due to the instability of the global economy.' After February, exports, which had been strong until now, fell 2.8% from a year earlier to 71.5 billion yen. In North America, the export of some auto processing machine tools for luxury cars and pickup trucks is showing a marked slowdown trend.

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