Machine tool orders received in June, but capital investment remains at a low level, despite a reduction in decline 18:35 on July 9
Machine tool builders' orders received last month fell by more than 30% compared to the same month last year. The decline was smaller than the previous month, but corporate capital investment remains low.
According to the Japan Machine Tool Manufacturers Association, the order value of domestic manufacturers last month was 67.2 billion yen, a 32% decrease from the same month last year.
Domestic orders decreased 38% to ¥23.3 billion and overseas orders fell 28% to ¥43.8 billion.
Orders fell by 48% in April and 52% in May, compared to both, with a smaller decline last month, but corporate capital investment remains low.
The Japan Machine Tool Manufacturers Association said, "Companies are recovering compared to the time when the emergency was declared, but their momentum is slowing down. As new coronavirus infections continue, new capital investment is frozen or Some companies may postpone it, and we need to continue to carefully watch the trends."