The Japan Machine Tool Builders' Association (JMTBA) reported that the global orders for Japan machine tools in September 2023 totaled 133.94 billion yen (895 million USD), marking a 16.7% increase from the previous month. This is the second consecutive month of month-on-month growth, with orders exceeding 130 billion yen for the first time in five months and maintaining a level above 100 billion yen for 32 consecutive months. However, these figures represent an 11.2% decrease compared to the same month in the previous year.

JMTBA suggests that the orders in September increased due to seasonal factors etc, but the level of total orders received was slightly lower than the past peak. They will closely monitor future trends and anticipate an improvement over time.

Domestic (in Japan) orders in September 2023 amounted to 45.05 billion yen ($301 million), marking the first increase in three months. However, this figure is a 14.1% decrease from the same month in the previous year and a continuous decline for 13 consecutive months of year-on-year decline. Orders from the automotive industry increased by 29.7%, machinery industry by 21.4%, electronics and precision industry by 12.5%, while the aerospace, ship, and transportation equipment industry saw a 53.9% increase from August 2023.

Foreign orders in September 2023 closed at 88.90 billion yen ($594 million), showing a 12.5% increase from the previous month. This marks the second consecutive month of growth, but a 9.7% decrease from the same month in the previous year, and a continuous decline for 9 consecutive months when viewed on an annual basis. Details by region are as follows

• Asia recorded orders of 32.38 billion yen ($216 million), a decrease of 4.6% from August 2023. 
  • China's orders amounted to 19.57 billion yen  ($131 million), seeing a decrease of 3.0%.
  • India with orders totalling 6.45 billion yen ($43 million), showing an impressive increase of 47.9%.
  • Thailand had a total of 1.53 billion yen ($10 million) in orders, experiencing a significant decrease of 55.3% from August.
• Europe saw orders of 20.69 billion yen ($138 million), marking a notable increase of 17.0%.
• North America, including Canada and Mexico, had orders of 34.17 billion yen ($228 million), showing a substantial increase of 37.8%.
  • United States with orders totalling 28.97 billion yen ($194 million), experiencing a significant increase of 37.8%.

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Read more Japanese Machine Tools Orders in August 2023: Show Signs of Stabilization