Japanese Cutting-Edge
Solutions for Metalworking
Japanese Cutting-Edge
Solutions for Metalworking
Statistic
May 15, 2024
The Japan Machine Tool Builders’ Association (JMTBA) has released the preliminary report on new orders for machine tools for the month of April. The total amount of orders received was 117.2 billion yen, down 13.6% from the previous month. This was the first month-on-month (MoM) decline in three months and the 16th consecutive month of year-on-year (YoY) decline, falling below 120 billion yen for the first time in two months due to a reactionary decline from the previous month’s end-of-term effect.
Domestic demand fell 26.2% MoM to 36.3 billion yen. Amid continued cautious investment in Japan, it fell MoM for the first time in three months and YoY for the 20th consecutive month, falling below 40.0 billion yen for the first time in two months. Although the MoM decline was substantial, it was slightly higher than in January and February, exceeding 35.0 billion yen.
Foreign demand decreased by 6.3% MoM to 80.9 billion yen. It was the first MoM decline in three months and the 16th consecutive YoY decline, falling below 85.0 billion yen for the first time in two months. At almost the same level as in January and February, it has remained above 80 billion yen for six consecutive months and continues to move within a flat range.
While both domestic and foreign demand remain relatively inactive, future trends are being closely watched as a recovery is expected to begin in the second half of the year.
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