Japan’s MT orders decline MoM but exceed 140 billion yen

December 9, 2021

On December 9, 2021, Japan Machine Tool Builders’ Association (JMTBA) announced preliminary figures of machine tool orders in November. The total amount of orders received was 145.4 billion yen, up 64.0% from the same month last year. Orders decreased by 2.6% from the previous month, the first decrease in three months, but exceeded 140 billion yen for three consecutive months.

Domestic demand was 49.7 billion yen, up 84.1% from the same month last year and down 1.0% from the previous month. Subsidies continued to have an effect, but the recovery of non-subsidized orders also increased, and domestic demand continues to be at a solid level.

Foreign demand, on the other hand, increased 55.1% year-on-year (YoY) and decreased 3.4% month-on-month (MoM) to 95.6 billion yen.

JMTBA is scheduled to release its confirmed figures for November on December 23.

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