August 25, 2022
Japan Machine Tool Builders’ Association (JMTBA) announced firm report of machine tool orders for July 2022. The total amount of orders received was 142.4 billion yen, falling below 150 billion yen for the first time in five months. However, orders have exceeded 140 billion yen for five consecutive months, and this is the second-highest single month in July on record, indicating that orders remain at a high level. This month marks the 18th consecutive month in which orders have exceeded 100 billion yen.
Domestic demand exceeded 50 billion yen for the second consecutive month, reaching 51.9 billion yen. Month-on-month (MoM) demand decreased for the first time in two months, while year-on-year (YoY) demand increased for the 17th consecutive month.
Although the effect of subsidies has slowed down from the previous month, and the re-spread of COVID-19 also led to a MoM decrease, demand remained firm mainly in major industries, with the semiconductor-related industry as strong as before, and recovery in the automotive industry.
Foreign demand decreased MoM for the second consecutive month and increased YoY for the 21st consecutive month to 90.4 billion yen. Although the orders fell below 95 billion yen for the first time in five months, it exceeded 90 billion yen for the seventh consecutive month and reached a record high for July.
By region, orders from Asia dropped below 45 billion yen for the first time in five months. Meanwhile, orders from Europe recovered to around 20 billion yen again as the impact of cancellations in the previous month subsided. Orders from North America remained generally at a high level, exceeding 25 billion yen for the 11th consecutive month.
|Amount (million yen)||MoM change (%)||YoY change (%)|
|Electrical & Precision Machinery||6,190||77.1||77.0|
Japan MT orders for
October 2021: strong orders from Europe and the U.S.
November 2021:Both domestic and foreign demand remain strong
March 2022: Strong March results despite risk factors