Taiwan - Exports in machine-tool industry down 54.7%
Source: Taiwan Economic News, 02 September 2009
Taiwan Machine Tool Foundation (TMTF) unveiled that the country exported US$869.91 million worth of machine tools in the first half of 2009, down 54.7% from a year earlier. Of this, exports for metal-cutting machine tools amounted to US$660.75 million, down 56.8%, and that for metal-forming machine tools came to US$209.16 million, down 46.8%.
Japan was the largest import source by exporting US$65.9 million worth of machine tools to Taiwan in the first half of 2009, down 88.9% year-on-year and accounting for 41.7% of the total imports. The second place went to Germany with US$26.77 million, up 16.6% and commanding 16.9%. Italy stood at the third place with US$14.5 million, up 89.2% and accounting for 9.2%.
Japan - Factory output rises again for 5th consecutive month
Source: Plus News Pakistan, 02 September 2009
Data showed Japan’s factories boosted production for a fifth straight month, but wages and retail sales remained weak. This reflected the rocky recovery path the country is experiencing. Industrial output increased by 1.9% in July from June, but was down 22.9% compared with a year earlier, reflecting a plunge in production at Japanese manufacturers since the global economic downturn began.
Factory output is expected to rise a further 2.4% in August and by 3.2% in September, according to the manufacturers’ own forecasts, the trade and industry ministry said. The figures supported hopes that the worst of Japan’s export and production slump is over.
China - Machinery industry growth maintains strong
Source: Asia Pulse, 04 September 2009
According to statistics released by the Ministry of Industry and Information Technology, China's machinery industry maintained rapid growth in fixed asset investment from January to July, which increased by 41.9% year on year, a growth rate 1.9% lower than a year ago. The figures show that fixed assets investment in the machinery industry in the first seven months increased by more than 40% each month.
The fixed assets investment of agricultural machinery, petrochemical machinery, heavy machinery, machine tools, and electric engineering all increased more than 50% year on year. However, fixed assets investment for internal combustion engine makers turned in two consecutive months of negative growth, while for the office equipment sector fixed assets investment showed negative growth of around 20%.