Japan MT orders in September exceeded 140 billion yen

October 11, 2021

Japan Machine Tool Builders’ Association announced the preliminary figure of September machine tool order amount on October 11^th, 2021. Total amount of orders in September was 144.5 billion yen, up 71.9% from the same month last year.

Domestic demand increased 90.2% year-on-year to 57.5 billion yen, and foreign demand increased 61.7% year-on-year to 87 billion yen.

Both domestic and foreign demand increased from the previous month due to the effect of the end of the first half of the fiscal year. Orders in September exceeded 140 billion yen for the first time in 36 months since the record of 153.4 billion yen in September 2018.

Domestic demand increased month-over-month for the first time in 2 months, and increased year-over-year for 7 consecutive months. Domestic demand increased significantly due to the increasing trend at the end of the first half of the fiscal year and the addition of orders for subsidy adoption.

Foreign demand increased month-over-month for the first time in 2 months, and increased year-over-year for 11 consecutive months. There have been no major changes in the trends so far, and it is thought that the recovery is continuing, especially in Europe and the United States.

JMTBA plans to announce the confirmed figures of September orders on October 21st.