Japanese machine tool tool market analysis in May

Orders for Japanese machine tool tools totaled 104.36 billion yen in May, an increase of 5.2% from April, the first time in two months that the chain growth was achieved. However, this figure is down 24.7% from May last year, which is the 10th consecutive year of year-on-year decline. The total order amount exceeded 100 billion yen for the first time in two months. Japanese industry experts are also paying more attention to the expected impact of various policies on Japanese domestic orders in the second half of the year.
Domestic orders in Japan totaled 38.86 billion yen in May, down 0.3% from April, and fell for the second consecutive month. It was down 26.5% from May last year and is the fourth consecutive year-on-year decline since this year.
In major industry sectors, orders for industrial machinery increased by 3.6% in May, orders for auto manufacturing fell by 13.1%, orders for electronics and precision machinery increased by 11.8%, and orders for aviation, shipbuilding and transportation equipment increased by 5.4%.
Japan’s foreign trade orders totaled 65.5 billion yen, an increase of 8.7% from April, the first time in two months. Compared with the same period of last year, it decreased by 23.6%; it was the 12th consecutive month of decline.
In terms of the order area, Asian orders increased by 15.4% from April, with orders totaling 26.48 billion yen; a decrease of 44.1% compared with the same period last year. European orders increased by 0.4% from April, with orders totaling 15.93 billion yen; an increase of 12.9% compared with the same period last year. Orders in North America totaled 22.3 billion yen, up 6.8% from April and 3.2% from the same period last year. (Source: Japan Machine Tool Industry Association) (Compilation: China Superhard Materials Network)