August 28, 2020
Japan Machine Tool Builders’ Association announced the machine tool order amount of July. Total amount of orders in July was 69.78 billion yen, up 3.9% from the previous month. Domestic order increased by 6.2% to 24.81 billion yen, and foreign order increased by 2.6% to 44.98 billion yen.
Both domestic and foreign order increased for two consecutive months, but the situation remains severe due to the spread of COVID-19.
Regarding foreign order, in China, the order for general machinery, automobiles, electrical and precision machinery have been on a recovery trend overall, with the year-on-year increase. On the other hand, other Asian countries, Europe, and North America still receive low-level orders, and there is still no movement to recover.
This article was translated by “T-4OO”.