Japan's Machine Tool Orders in 2010 Declined MoM in October

According to the machine tool order data released by the Japan Machine Tool Industry Association (JMTBA) in October 2010, the amount of Japan's machine tool orders was 80.15 billion yen, a decrease of 12.96% from the 91.714 billion yen of the previous month, but the total amount of orders was still higher than the same period of last year. 70.9%. From January to October 2010, Japan's accumulated machine tool orders amounted to 783.057 billion yen, a year-on-year increase of 157.4%.

In terms of domestic and international demand, domestic machine tool orders in October were 25.331 billion yen, a decrease of 6.6% from the previous quarter, but a year-on-year increase of 60.9%; orders for overseas machine tools were 54.819 billion yen, a decrease of 15.5% from the previous quarter, but a year-on-year increase of 75.9. %.

The financial crisis caused a sharp drop in Japanese machine tool orders. However, with the gradual recovery of the global economy, driven by the Asian market led by China, the recovery rate of Japanese overseas machine tool orders was significantly faster than the growth rate of Japanese domestic orders. Currently, orders for overseas machine tools are increasing. Already near the pre-crisis level. However, in recent months, orders for domestic machine tools have continued to decline in Japan, and orders for foreign markets have also dropped significantly in October. This shows that current market demand is not stable and there are still many uncertainties in future development. It can be expected that Japan's machine tools will rebound sharply from last year.