Machine tool manufacturer orders received in April decreased by nearly 50% compared to last year New Corona May 14 17:09
Machine tool builders' orders received last month fell by nearly 50% compared to the same month last year. Due to the new coronavirus, corporate capital investment dropped significantly.
According to the Japan Machine Tool Manufacturers Association's announcement, the amount of orders received from domestic manufacturers last month was 56.1 billion yen, a significant decrease of 48.3% compared to the same month last year.
It is the first low level in 10 years and 3 months since January 2010 when the impact of the Lehman shock has continued to fall below 60 billion yen.
Domestic orders decreased 51.4% to 21.1 billion yen, and overseas orders fell 46.3% to 34.9 billion yen.
It is believed that the spread of the new coronavirus infection caused a decline in the number of machines that make automobile parts in Japan and overseas, as well as a decrease in the equipment that processes parts for smartphones, mainly in China.
According to the Japan Machine Tool Manufacturers Association, "the machine tool manufacturers are limited in their business activities due to the influence of the new coronavirus, and we expect that the difficult situation will continue in the future."