August 11, 2021
On August 11, 2021, Japan Machine Tool Builders’ Association (JMTBA) announced preliminary figures of Japan’s machine tool orders in July.
The total amount of orders was 134.9 billion yen, up 93.4% from the same month of the previous year. Domestic demand increased 75.3% year-on-year to 43.4 billion yen, and foreign demand increased 103.4% year-on-year to 91.4 billion yen. The total amount of orders increased by 4.7% from the previous month, while domestic demand decreased by 2.6% from the previous month, and total orders exceeded 130 billion yen for the second consecutive month.
Domestic demand decreased month-to-month for the first time in two months, and increased year-on-year for the fifth consecutive month. It is thought that orders from semiconductors and automobiles are getting recovery. It also considered that subsidy related orders supported domestic demand.
On the other hand, foreign demand increased for the first time in two months from the previous month, and increased year-on-year for the ninth consecutive month. As China drives foreign demand, recovery will continue in all regions including Europe and the United States.
JMTBA also announced the total amount of orders from January to June 2021. The total orders increased by 42.8% from the previous year and 71.2% from the same period of the previous year to 702 billion yen.
JMTBA plans to announce the confirmed figure of July Japanese machine tool orders on August 25th.