Japan Machine Tool Industry Association: Japanese machine tool orders increased by 52.2% year-on-year in the first half of the year

According to the preliminary data of the latest machine tool orders announced by the Japan Machine Tool Industry Association (JMTBA), in June 2011, the order value of Japanese machine tools was 128.373 billion yen, an increase of 18.8% from the previous month's 108.16 billion yen, compared with June 2010. It increased by 53.3%. In June, orders for Japanese machine tools rebounded from the previous month, and the year-on-year growth rate also increased. The order volume reached a new high. Although the earthquake and tsunami did not directly affect the machine tool industry, the downstream Japanese manufacturing industry as a whole was greatly affected. It is expected that domestic orders will be restored in time in the future. At the same time, as the growth rate of overseas demand has also slowed down markedly, and the base number has increased, there will be no more surge in orders last year. In June, Japan's overseas machine tool orders amounted to 86.681 billion yen, an increase of 14.4% from the previous month and a year-on-year increase of 59%. In the first half of the year, the cumulative domestic orders for Japanese machine tools were 207.972 billion yen, up 54.4% year-on-year; cumulative overseas orders were 466.12 billion yen, up 52.2% year-on-year. From the domestic and international demand, in June, Japan's domestic machine tool orders amounted to 41.692 billion yen, an increase of 29.1% from the previous month and a year-on-year increase of 42.6%. Orders for Japanese machine tools have increased for 19 consecutive months and have exceeded 100 billion yen for six consecutive months. In the first half of 2011, the cumulative machine tool order in Japan was 674.912 billion yen, an increase of 52.9% over the same period in 2010.

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