July 12, 2021
On July 12, 2021, Japan Machine Tool Builders’ Association (JMTBA) announced preliminary figures of Japan’s machine tool orders in June.
The total amount of orders received was 132.1 billion yen, up 96.6% from the same month of the previous year. Domestic demand increased 91.5% year-on-year to 44.7 billion yen, and foreign demand increased 99.3% year-on-year to 87.3 billion yen.
In June, foreign demand decreased by 3.7% from the previous month, but domestic demand increased by 34.7% from the previous month, increasing for the first time in 3 months. The total amount of orders exceeded 130 billion yen for the first time in 27 months since it recorded 130.6 billion yen in March 2019.
Domestic demand was sluggish in May, but there was a recovery trend in June, such as receiving orders from companies which were admitted to get subsidies. On the other hand, foreign demand decreased from the previous month, but orders are still at a high level, and it is thought that China, Europe and the United States are continuing to recover.
JMTBA plans to announce the confirmed value of Japanese machine tool orders of July on July 21st.
This article was translated by “T-4OO”.