Significant decrease in machine tool orders in March 19:15 on April 9 with slower corporate capital investment

Corporate capital investment slowed down due to the spread of the new coronavirus infection, and orders received by domestic machine tool makers last month have dropped by as much as 40% compared to the same month last year.

According to the announcement by the Japan Machine Tool Manufacturers Association, the order value of machine tools for domestic manufacturers last month was a preliminary figure of ¥ 77.3 billion.

This was a significant 40.8% decrease from March last year, the lowest level in 10 years since March 2010, when the effects of the Lehman Shock continued.

Orders received in Japan were 34.2 billion yen, a decrease of 36.5%. Overseas orders were 43.1 billion yen, a decrease of 43.8%.

Regarding this, the Japan Machine Tool Manufacturers Association has seen a decline in orders for machines that manufacture automotive parts in Japan and overseas due to the spread of the new coronavirus, and large orders for equipment for processing parts for smartphones, mainly in China. I think depressed as a factor.

According to the industry association, "we expect severe conditions to continue unless the new coronavirus peaks out globally."