This was an increase of 3.4% compared to October 2023 and marked the first month of month-on-month increase in two months. However, this figure represented a decrease of 13.6% compared to the same month of the previous year and marked the 11th consecutive month of year-on-year decline.
Total orders fell below 120 billion yen for two consecutive months, however exceeded 100 billion yen for the 34th consecutive month. Orders received in November were supported by foreign orders, but no major changes have been observed in the order situation.
Domestic orders fell by 2.8% from October, amounting to 32.70 billion yen. This marked the second consecutive month-on-month decline. Furthermore, this figure was a decrease of 28.4% from the same month of the previous year and marked the 15th consecutive month of year-on-year decline.
Looking at major industries, orders compared to October fell by 9.7% in industrial machinery, rose by 2.5% in motor vehicles, fell by 13.5% in electrical & precision machinery, and rose by 73.6% in aircraft, shipbuilding & transport equipment.
Foreign orders rose by 6.1% over October to 83.20 billion yen, marked the first month of month-on-month growth in two 11th consecutive month of year-on-year decline.
By region, orders from Asia rose by 10.3% over October to 33.69 billion yen. This was a decrease of 19.2% from the same month of the previous year. Orders from Europe rose by 10.8% over October to 20.18 billion yen. This was a decrease of 4.8% from the same month of the previous year.
Orders from North America fell by 3.1% from October, amounting to 26.70 billion yen. This figure was an increase of 9.7% over the same month of the previous year.
