【XWBOO Industry News】 The Japan Machine Tool Industry Association (JMTIA) published its September machine tool orders on October 25. Orders for machine tools in Japan rose 4.3 per cent from a year earlier to 15.0848 billion yen (about 7.5 billion yuan) for the 23rd consecutive month, the data showed. This is more than 150 billion yen (about Rmb7.4 billion) in three months and the second highest level since 2018.
Japanese media said that although Japan's domestic demand slowed slightly, but still firm, and external demand together continue to be high.
Japan's domestic demand fell for the first time in 19 months. However, Japan's trade union president said that "the tone has not changed," has been the fourth consecutive month, domestic demand orders more than 50 billion yen, four major downstream industries, only cars increased, more than 10 billion yen for seven consecutive months. Although ordinary machinery has decreased, but still more than 20 billion yen.
External demand grew for the 23rd consecutive month, hitting a new historical high in September. It was also the first time in three months that it exceeded 95 billion yen. By region, North America exceeded Y30bn for the first time in four months, and investment in plant, workshop and medical-related equipment has been buoyant. The international exhibition in September also had an impact. In Asia, China-centric demand for electric vehicles (EV) and electronic components is strong, rising for four consecutive months and again surpassing Y45bn in three months. European sales fell for the fourth month in a row.
The value of orders received during the April-September period increased by 14 per cent year on year to 895.63 billion yen (about 44.2 billion yuan) and rose for four consecutive quarters. The need for machine tools to automate, shorten production processes, and address environmental protection is expected to continue, and Rice Leaf predicts that even temporary adjustments will not lead to a major crash.
(This document is originally provided by Machine Tool Business Website. the publication of the manuscript of this website requires written authorization. ()
Why Japan's machine tool orders exceed 150 billion yen, the second highest in history
