On October 20th, the annual five-region screw associati […]
On October 20th, the annual five-region screw association meeting was held at the Sapporo Prince Hotel in Japan. Representatives from various regional associations gave detailed reports on the status quo of the screw industry in this area. The general society of Japan Screw Industry Association - International Chairman of the Board of Directors Dachuan Keliang reported on the fastener industry in Japan:
The real growth rate of Japan's gross domestic product (GDP) in the first quarter of 2017, from January to March 2017, increased by 0.3% from the previous quarter, reaching a five-quarter continuous growth. It is speculated that this is due to a 2.1% increase in exports over the previous quarter, external demand driving growth rates, and residential investment and equipment servitude increased over the previous year. The GDP for 2017 is expected to be 553.5 trillion yen, an increase of 1.5% over the previous year.
According to the corporate climate survey conducted by the Ministry of Finance, the economic situation from July to the end of 2017 is expected to increase overall. Regarding the employment situation, more than 25% of the companies have responded with a slight deficiency. The estimated sales for the entire industry for 2017 is 2.1%.
Observing the forecast of the demanding industry, the actual sales volume of passenger cars in the previous year was 4,243,393 units, which is expected to be 4,178,000 units this year (98.5% of the previous year). Actual sales of passenger cars, trucks and buses in the previous year. The total amount is 5,0 77,903 units, which is expected to be 5,000,300 units this year (98.5% of the previous year).