South Korean machine tool orders continued to decline in July

According to the latest statistics from the Korea Machine Tool Manufacturers Association (KOMMA), in July 2011, the new orders of the Korean machine tool industry were 325.432 billion won, down 14.62% from the previous month's 381.174 billion won. This is the fourth consecutive Korean machine tool order. month-on-month decline. Compared with the same period of last year, the order value in July 2011 increased by 32.98% compared with the 244.715 billion won in July 2010; from January to July 2011, the cumulative number of new orders for Korean machine tools was 2,883.93 billion won, a year-on-year increase of 42.25%. According to KOMMA data, in the first half of this year, the number of machine tool orders in South Korea hit a record high, of which local orders accounted for 56.7%, with a total value of 1.45 trillion won, an increase of 34.6% year-on-year. investment in equipment. Overseas orders accounted for 43.3%, with an amount of 1.11 trillion won, a year-on-year increase of 60.3%; among which orders from Europe and the United States increased significantly year-on-year, while orders from China, India and other Asian countries also performed well. In July 2011, the output value of Korean machine tools was 282.596 billion won, down 15.17% from the previous month's 333.12 billion won, but up 13.16% from the 245.871 billion won in July 2010. From January to July 2011, the total value of machine tools produced in South Korea was 2,030.939 billion won, an increase of 33.38% compared with 1,522.665 billion won in the same period in 2010.