Japanese Machine Tool Orders hit $ 847 million, down 10.75%

Bayanalysis - Machine tool orders in Japan decreased to 88,631 million Japanese yen (US dollar = 104.62 Japanese yen), or about 847.17 million US dollars in January of the current year 2021, from 99,057 million Japanese yen in December of 2020 That is, down 10.75% on a monthly basis, according to the Japan Machine Tool Makers Association.

Machine Tool Orders measures the change in the total value of new orders placed by machine tool manufacturers in Japan.

The largest value of machine tool orders was recorded in March 2018, at a time of 182 billion and 860 million Japanese yen, while it reached its lowest value in January 2009, amounting to 19 billion and 37 million Japanese yen.