• Buy abrasive clear inventory for export,upper abrasive stock net
  • Chinese
  • German
Home > News > Japanese machine tool orders fell sharply by 52% in May

Japanese machine tool orders fell sharply by 52% in May

2020-06-11PV:1480

Reading guidance:

 Japanese machine tool orders fell sharply by 52% in May


Tokyo (Reuters) - Orders for machine tools in May fell 52.8 percent year on year to 51.2 billion yen, more than the 48.3 percent drop in April, marking 20 consecutive months of declines from a year earlier, data released Tuesday by the Japan Work Machinery Industry Association showed.Demand from autos and aviation-related sectors fell.Stagnating sales in Japan, Europe and the U.S. are also taking a toll.

Export orders, which accounted for 60 per cent of the total, fell 49.8 per cent to Y33bn.Exports to Europe, for example, remained sluggish, expanding from a 46.3 percent drop in April.The recovery in Chinese demand has not fully made up for the overall decline in foreign demand.

Domestic orders fell 57.4 per cent to Y18.2bn.The decline widened from 51.4 per cent in April.