Japanese machine tool orders in July decreased by 12.1% year-on-year

by:Gewinn     2022-05-09
According to relevant data released by the Japan Machine Tool Industry Association on August 12, Japan's machine tool orders (preliminary value) in July were 92.963 billion yen, a year-on-year decrease of 12.1%, and it was less than the same period in previous years for 15 consecutive months. Among them, domestic orders amounted to 32.788 billion yen, an increase of 1.1%, which was the first increase in 14 months. Although orders for machine tools for automobiles and aviation aircraft are slowly recovering, the machine tool industry believes that 'domestic enterprises are still cautious about investment in equipment.' However, foreign orders, which accounted for nearly 70% of the order value, continued to be sluggish, with a year-on-year decrease of 17.9% to only 60.175 billion yen, a negative growth for 10 consecutive months. Among them, there are more inquiries for automotive machine tools in North America and Southeast Asia, while the Chinese orders for electronic and motor machine tools in the same period last year are still sluggish.
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