MT orders in August fell below 130 billion yen for first time in 3 months

September 9, 2021

On September 9, 2021, Japan Machine Tool Builders’ Association (JMTBA) announced preliminary figures of Japanese machine tool orders in August.

The total amount of orders was 126.5 billion yen, up 86.2% year-on-year and down 6.2% month-on-month. The total amount of orders fell below 130 billion yen for the first time in three months.

Domestic demand was 46.2 billion yen, up 100.4% year-on-year and 1.8% month-on-month. The month-on-month has increased for the third straight month. Due to the influence of summer vacation in August, the amount of orders often decreases from the previous month. However, this time, the month-on-month increase was due to strong orders from semiconductor-related industries.

Foreign demand was 80.3 billion yen, up 78.9% year-on-year and down 10.3% month-on-month. Foreign demand fell below 85 billion yen for the first time in six months. The cause is thought to be the influence of summer vacation, mainly in Europe and the United States.

JMTBA plans to announce the confirmed figure of the order amount in August on September 21st.