On March 10, 2009, the Japan Machine Tool Industry Association announced the value of the machine tool order for February 2009. The order value was 21,090,000 yen (including domestic demand of 8.86 billion yen and external demand of 12.23 billion yen), which was only 16.1% of the same month of the previous year.
The order amount for January 2009 was only 15.9% of the same month of the previous year, which was 19,037 million yen. That is to say, after entering 2009, the machine tool's order amount has decreased by about 84% compared with the same month of the previous year.
Judging from the monthly order volume announced by the Japan Machine Tool Industry Association, the monthly order amount in recent years was almost the same as that of the same period of the previous year until May of 2008. However, it began to decrease gradually from June 2008. In August 2008, it was reduced to 86.1%, and in October it was reduced to 60.0%. In November, it was reduced to 37.9%. December was also only 28.2% of the same period last year.
In addition, the industry is scheduled to announce the confirmed value of the order amount for February 2009 on March 17, 2009.
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