June 2023 MT preliminary report, Domestic demand rises, foreign demand falls

July 12, 2023

The Japan Machine Tool Builders’ Association (JMTBA) announced the preliminary report of machine tool orders for June 2023. The total amount of orders received was 121.1 billion yen. This was the first month-on-month (MoM) increase in total orders in three months, and the first time in two months that the figure exceeded 120 billion yen. The year-on-year (YoY) figure decreased for the sixth consecutive month. This is the 29th consecutive month that orders have exceeded 100 billion yen.

Domestic demand increased 8.7% MoM to 41.0 billion yen. This was the first MoM increase in three months, while the YoY figure declined for the tenth consecutive month. Although domestic demand has been in an adjustment phase, it exceeded 40 billion yen for the first time in two months, supported by the positive effect of subsidies and other factors.

Foreign demand decreased by 2.0% MoM to 80.0 billion yen. This was the third consecutive month of MoM decline and the sixth consecutive month of YoY decline, and although it remained above 80 billion yen, it was the lowest amount recorded in 2023. Nevertheless, the capital investment environment in the three major regions of Asia, Europe, and North America has not yet changed significantly.

More information will be provided when the final report is released on July 20.