Japanese machine tool orders fell 21.5% year-on-year in February

Abstract According to the machine tool order value published by the Japan Machine Tool Industry Association, the Japanese industrial machine tool production order decreased by 21.5% in February from the same month last year to 80.874 billion yen. According to the report, due to the influence of Sino-Japanese relations, the Japanese industrial machine tool order has been continuously 1
According to the machine tool order value published by the Japan Machine Tool Industry Association, the Japanese industrial machine tool production order in February decreased by 21.5% from the same month of last year to 80.874 billion yen.

According to reports, Japan’s industrial machine tool orders have been falling for 10 consecutive months due to thousands of Sino-Japanese relations. The external demand [export] order for February was 53.544 billion yen, a decrease of 25.7%. Among them, the export orders to China decreased by more than 60%, and the amount was only 10.5 billion yen, which is far from the highest period (June 3 billion in June 2011). Orders for export of North American machine tools increased by 30% to 21.161 billion yen, especially for auto production machine orders increased by 2.4 times, driving overall growth. Export orders to Europe increased by 8%. Japanese domestic demand business orders decreased by 11.7% to 27.33 billion yen. From the current figures, there are no signs of recovery in the general machinery industry.

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