Description
Japan's Shipbuilding Order Backlog (Cumulative Value) is compiled and published by the Japan Ship Exporters' Association (JSEA). This indicator measures the total value of ship orders received but not yet completed in Japan. It is commonly used to assess current demand and future activity in Japan's shipbuilding industry. A higher order backlog typically reflects strong demand and potential growth, while a lower backlog may suggest industry downturn.
The shipbuilding order backlog is calculated by accumulating the value of all uncompleted ship orders in Japan. The statistical scope includes orders for various types of vessels, such as cargo ships, tankers, and passenger ships. The value is usually reported in currency terms (e.g., US dollars).
This data is typically updated monthly, with the latest figures released at the end of each month.