German manufacturing recovery growth, Japanese industry outlook remains uncertain

German machinery manufacturing orders actually increased by 14% in August   The German Machinery and Equipment Manufacturing Association announced on Tuesday that the industry’s orders in August increased by 14% year-on-year, with domestic orders up 22% and foreign orders up 9%. From the three-month data with relatively stable changes, orders from June to August increased by 8% year-on-year, with domestic orders increasing by 8% and foreign orders increasing by 7%. The Association's chief economist Vises said that German machinery and equipment manufacturing continued to increase orders in August, not affected by political and financial market turmoil. Germany's domestic demand is strong, and orders have increased by one-fifth. External demand is also relatively stable. Considering that the traditional market in the Eurozone is in a holiday in August, an increase of 9% in orders is a remarkable achievement. France, China and the United States are the top three export markets for German machinery and equipment. In August, Germany’s exports to the three countries increased by 18%. The association expects industry-wide production to grow by 14% this year. According to current data, this goal can certainly be achieved. The association predicts a 4% increase in production across the industry in 2012, which will exceed the pre-crisis level in 2008.   Five industry prospects such as Japanese machine tools and precision machinery are still unclear   On October 09, 2011, the Nihon Keizai Shimbun reported that the Nihon Keizai Shimbun recently aggregated 30 major industry trends in the fourth quarter into a “barometer”. According to the agency's forecast, the overall industrial boom in Japan will improve slightly in the fourth quarter of this year, but the outlook remains uncertain. In this “barometer”, the industry with a “Qing” status is still “zero” in the third quarter; the prosperity of the power and commodity retail industry is “rain”, which is two less than the third quarter; oil, construction, The real estate situation of 9 industries such as real estate is “light rain”, which is reduced by one kind; the prosperity of 14 industries such as non-ferrous metals, electronic products and home appliances is “cloudy”, and two kinds increase in the chain; machine tools, precision machinery, communication, etc. The five industries are “clear and cloudy”, with an increase of one in the chain. The Japanese manufacturing industry, which once fell to the bottom of the valley after the Great East Japan Earthquake, began to gradually recover from the automobile industry. However, due to various factors such as the global economic deterioration, the European debt crisis, and the appreciation of the yen, the driving force behind the Japanese economy was pushed forward. Weak, the outlook for major industries is still uncertain.  　　 

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