November 15, 2021
On November 10, 2021, Japan Machine Tool Builders’ Association (JMTBA) announced preliminary figures of machine tool orders in October. The amount of orders received was 149.2 billion yen, up 81.5% from the same month last year. The amount of orders received increased by 3.1% month-over-month (MoM) from September, the end of the fiscal half-year, and exceeded 140 billion yen for two consecutive months.
Domestic demand was 50.2 billion yen, up 74.0% from the same month last year. It was down 12.6% from the previous month. Domestic demand will remain firm as the subsidy effect continues, despite a reactionary decline from the end of the fiscal half-year.
Meanwhile, foreign demand rose 85.5% year-over-year (YoY) and 13.7% MoM to 98.9 billion yen. JMTBA plans to release its confirmed figures for October on November 25.
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