According to the latest data released by the Japan Machine Tool Industry Association on July 9, Japanese machine tool orders (quickly reported) for June 2013 totaled 95.179 billion yen, marking a 12.4% year-on-year decline. This continues a 14-month streak of monthly declines. Last year, during the same period, demand from Thailand's post-flood reconstruction efforts had driven up Japanese machine tool orders significantly. As a result, the current drop is partly influenced by a high comparison base from the previous year.
In June 2013, total machine tool orders in Japan reached 32.071 billion yen, down 7.9% compared to the same month in 2012, marking the 13th consecutive month of decline. Overseas orders fell even more sharply, reaching 63.108 billion yen, a 14.5% drop year-on-year and the ninth straight month of decline. Despite strong demand for automotive-related equipment both domestically and internationally, orders for machine tools used in smartphone production in China have seen a notable drop.
The Japan Machine Tool Industry Association noted that orders showed signs of recovery in May, supported by the government’s April policy aimed at boosting equipment investment. Analysts now expect a positive growth in machine tool orders after July, depending on how these policies translate into actual demand.
Looking at the performance of eight major Japanese machine tool manufacturers, which together account for 40% of the market, only one company—Mori Seiki Co., Ltd.—reported an increase in orders. The others saw declines. Mori Seiki attributed its growth to increased orders for North American car manufacturing equipment. The company also mentioned that demand in Europe and other Asian regions, excluding China, has started to recover. Orders for machinery and energy-related tools have also shown some rebound.
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