October 12, 2023
The Japan Machine Tool Builders’ Association (JMTBA) announced the preliminary report of machine tool orders for September 2023. The total value of orders was 133.9 billion yen, an increase for the second consecutive month. Although orders declined year-on-year (YoY) for the ninth consecutive month, partly due to the effect of the end of the fiscal half-year, orders exceeded 130 billion yen for the first time in five months. This is the 32nd consecutive month that orders have exceeded 100 billion yen.
Domestic demand increased 26.0% month-on-month (MoM) to 45.0 billion yen. While YoY demand declined for the 13th consecutive month, the effect of the end of the fiscal half-year boosted MoM demand for the first time in three months, and it exceeded 45 billion yen for the first time in six months.
Foreign demand increased 12.5% MoM to 88.8 billion yen. This was the second consecutive month of MoM increase and the ninth consecutive month of YoY decrease, and the first time in five months that demand exceeded 85 billion yen. Regional details are to be reported when the final report is released, but it appears that some of the increase resulted from the effect of the fiscal year ending.
Despite the adjustment phase in both domestic and foreign demand, orders received in September were at a relatively high level, indicating firm demand both in Japan and overseas.
September 15, 2023
September 1, 2023