Japanese machine tool industry orders up

Posted on 26 Nov 2018 and read 455 times
Japanese machine tool industry orders upAccording to data from the JMTBA (Japan Machine Tool Builders’ Association) (www.jmtba.or.jp), the total value of machine tool orders in September was 153.45 billion yen.
This was an increase of 9.3% compared to August 2018 and an increase of 2.9% compared to September 2017.

Domestic orders in September 2018 rose by 3.3% compared to August 2018, amounting to 64.41 billion yen and marking a growth of 5.6% over September 2017 — plus the 20th consecutive month of year-on-year increase.

Orders from the industrial-machinery sector fell by 6.1% compared to August, and orders from the motor-vehicle sector fell by 2.7%; however, there was a 10.6% increase in orders from the electrical and precision machinery sector, and an 18.0% increase in orders from the aircraft, shipbuilding and transport equipment sectors.

Foreign orders in September rose by 14.1% compared to August — to 89.04 billion yen. By region, orders from Asia rose by 2.9% (compared to August) to 34.93 billion yen, albeit this was down 8.9% compared with September 2017.

Orders from Europe rose by 13.0% over August to 20.17 billion yen, while orders from North America rose by 31.0% over August, amounting to 32.82 billion yen.

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