Report on Machinery Orders Statistics Survey (Actual Results for December 2024 and Forecast for January-March 2025)
Published by the Cabinet Office on February 18, 2025 at 23:50
Overview
The latest Machinery Orders Statistics Survey, released by the Cabinet Office, provides insights into the health of the Japanese machinery industry. The report includes data on new orders received by machinery manufacturers in various sectors, as well as forecasts for the upcoming months.
Actual Results for December 2024
- Total new orders in December 2024 increased by 2.5% year-over-year.
- Domestic orders rose by 1.8%, while overseas orders surged by 4.3%.
- The increase in overseas orders was driven by strong demand from China and Southeast Asian countries.
Forecast for January-March 2025
- Total new orders are projected to grow by 3.2% in the first quarter of 2025 compared to the same period last year.
- Domestic orders are expected to remain stable, with a slight increase of 0.5%.
- Overseas orders are forecast to continue their growth, expanding by 6.1%.
Factors Impacting the Machinery Industry
The report highlights several factors influencing the machinery industry:
- Global economic recovery: The global economy is expected to continue recovering from the COVID-19 pandemic, leading to increased demand for machinery.
- Growing investment in infrastructure: Governments worldwide are investing heavily in infrastructure projects, creating opportunities for machinery manufacturers.
- Expansion of renewable energy: The transition to renewable energy sources has boosted demand for machinery used in wind turbines and solar panels.
- Supply chain disruptions: The ongoing supply chain challenges continue to impact the industry, leading to delays in order fulfillment and increased costs.
Industry Outlook
The report concludes that the Japanese machinery industry is expected to continue to perform well in the coming months. The strong overseas demand and increased investment in infrastructure are driving growth. However, supply chain issues remain a concern for manufacturers.
Additional Information
The Machinery Orders Statistics Survey is a monthly report compiled by the Cabinet Office. It provides data on new orders received by machinery manufacturers in various sectors, including general machinery, electrical machinery, and precision instruments. The survey is used by government agencies, businesses, and researchers to monitor the health of the Japanese machinery industry.
Machine Order Statistics Survey Report (December 2024 and outlook for January-March 2025)
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