Japanese machine tool orders increased by 32% year-on-year in April

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Recently, the initial value of machine tool orders announced by the Japan Machine Tool Industry Association (JMTBA) showed that in April 2011, the order value of Japanese machine tools was 106.916 billion yen, down 5.8% from the previous month's 113.365 billion yen, but compared to 2010. It still grew by 32.3% in April. Japanese machine tool orders have increased for 17 consecutive months and have exceeded 100 billion yen for four consecutive months. From the domestic and international demand, in April, Japan's domestic machine tool orders amounted to 33.427 billion yen, an increase of 4.3% from the previous month and a year-on-year increase of 50.6%. Among them, the demand for orders from auto and construction machinery parts manufacturers is particularly strong. JMTBA said that despite the earthquake and tsunami disaster in Japan on March 11, most machine tool manufacturers are located in the central and western parts of Japan, and the direct damage to the machine tool industry is not serious, and the impact on overall production is relatively light. However, due to tight power supply, Japan will adopt power-limiting measures, while domestic gasoline and other fuel supply is insufficient, which may bring inevitable indirect losses to the machine tool industry. There have been no reports of a large number of machine tool orders being cancelled and equipment factory equipment being severely damaged. In April, the number of orders for Japanese overseas machine tools was 73.489 billion yen, down 9.8% from the previous month, but up 25.49% year-on-year. Overseas orders are mainly from auto parts companies in North America and construction equipment manufacturers in China. Overseas machine tool orders accounted for 68% of total machine tool orders in April. From January to April 2011, the cumulative machine tool order in Japan was 437.631 billion yen, an increase of 58.2% over the same period in 2010. Among them, the cumulative domestic orders for Japanese machine tools were 134.078 billion yen, an increase of 74.6% year-on-year; cumulative overseas orders were 303.533 billion yen, a year-on-year increase of 52%. Affected by the financial crisis, Japanese machine tool orders fell sharply, and gradually recovered after the bottom of the order in early 2009. Since 2011, Japanese machine tool orders have continued to recover. At present, orders for overseas machine tools have basically recovered to pre-crisis levels, but local orders are only about half of the pre-crisis. In April, the volume of orders for Japanese machine tools decreased, and the year-on-year growth rate also declined. 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.  

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