Japan's machine tool orders plummeted for the first time in 6 years than the previous year

by:Gewinn     2022-05-08
Orders for the Japanese machine tool industry have fallen sharply. The Japan Machinery Industry Association (President: Kenichi Nakamura) announced on August 21 that the order value (confirmed value) in July decreased by 8.9% compared with the same period of the previous year, to 123.8 billion yen. In addition to the significant decrease in orders from emerging market countries such as China and India, due to the sharp drop in US auto-related investment, the order value for the whole of 2008 may be lower than the previous year for the first time in six years. In order to cope with the deterioration of the order receiving environment, each company has begun to strengthen its system. The cumulative order value from January to July decreased by 1.0% compared with the same period of the previous year. In an interview with reporters on the same day, Chairman Nakamura pointed out that the order receiving trend in July has deteriorated, 'the order receiving environment has changed.' Regarding the forecast order amount for 2008, he said 'it will be 1.5 trillion yenFor the first time in six years, it will be lower than the previous year. Overseas orders fell 7.8% year-on-year to 71.1 billion yen in July. It was lower than the same period last year for two consecutive months, and the decline widened, with a 2.7% year-on-year decrease in June. U.S. machine tool orders received in July fell 22.6% from a year earlier, a two-month decline in a row.
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