Statistic
October 25, 2022
Japan Machine Tool Builders’ Association (JMTBA) announced firm report of machine tool orders for September 2022. The total amount of orders received was 150.8 billion yen, exceeding 150 billion yen for the first time in three months. This was the 14th record for a single month and the second highest for September. It was also the 20th consecutive month in which orders exceeded 100 billion yen.
Domestic demand increased month-on-month (MoM) after three months, and decreased year-on-year (YoY) for the first time in 19 months to 52.4 billion yen. It was the fourth consecutive month in which domestic demand exceeded 50 billion yen. September is usually a month of seasonal increases due to the end of the fiscal half-year, and eight of the 11 industry sectors saw MoM increases. On the other hand, compared to the same month last year, when the effect of subsidies was strong, seven industries saw a decrease. However, domestic demand is generally remaining firm.
Foreign demand increased for the first time in four months and for the 23rd consecutive month of YoY growth to 98.4 billion yen. It was also the first time in three months that foreign demand exceeded 95.0 billion yen. Orders remained at a high level, marking the 10th highest single month in history and the highest amount ever recorded in September. Orders by region increased from the previous month in all three major regions (Asia, Europe, and North America). In Asia, orders for automobiles and electrical/precision increased, mainly from China. In Europe, orders showed growth in Germany, where there was an exhibition, and in the U.K., where there was an increase in electric and precision orders. Orders from North America increased, mainly from the U.S., where the effect of the exhibition and large orders for aircraft were received.
Amount (million yen) | MoM change (%) | YoY change (%) | |
Total Orders | 150,848 | 108.3 | 104.3 |
Domestic total | 52,419 | 101.2 | 91.1 |
Industrial Machinery | 20,431 | 102.8 | 86.4 |
Motor Vehicles | 12,046 | 89.2 | 114.5 |
Electrical & Precision Machinery | 6,762 | 89.1 | 88.9 |
Aircraft/Shipbuilding/Transport equipment | 1,541 | 124.1 | 83.7 |
Foreign total | 98,429 | 112.4 | 113.1 |
Asia | 47,500 | 108.6 | 125.3 |
Europe | 18,964 | 119.9 | 93.50 |
North America | 30,144 | 118.4 | 111.6 |
Japan MT orders for
October 2021: strong orders from Europe and the U.S.
November 2021:Both domestic and foreign demand remain strong
December 2021: First drop below 140 billion yen in 4 months, but still remains high
2021 summary: Japan’s MT orders in 2021 raise for the first time in 3 years
January 2022: Large orders in foreign demand; total orders exceed 140 billion yen
February 2022: High levels of both domestic and foreign demand, generally keeping strong
March 2022: Strong March results despite risk factors
April 2o22: April MT orders, minimal impact from risk factors
May 2022: May MT orders, 3 new records for foreign demand
June 2022: June MT preliminary report, orders remain favorable
July 2022: July MT orders, second-highest July month on record
August 2022: August MT orders, falling below 140 billion JPY first time in 6 months
September 21, 2022
August 26, 2022
September 13, 2022
August 22, 2024