The June machine tool orders data released by the Japan Machine Tool Industry Association (Japan Union) showed that orders to China increased by 34.2% year-on-year to 15.45 billion yen, a year-on-year increase in 27 months. In terms of industry, orders for the automotive industry are particularly strong.
Inaba Yoshiharu, vice-chairman of the Japanese labor union and chairman of the FANUC, said at a press conference a few days ago that “China’s manufacturing industry is the most dynamic in the world” and also said that “although it is still uneven, some local auto factories have resumed full-load production and are in a busy state.”
Japan’s total machine tool orders in June were 67.19 billion yen, down 32.1% year-on-year. The decline was narrowed compared to May (down 52.8% year-on-year), and it exceeded 60 billion yen again after three months.