subject: Machinery Industry To Benefit China's Economic Restructuring And Global Economic Recovery [print this page] Slow the growth of new construction and engineering machinery sales of high diverge, this is the machinery industry, the main reason for the lower valuation. Tightening policy objective is to prevent inflation, the higher the second half of last year, new projects boost demand for the next two years, equipment, central and western development in full swing; another rebound in private investment is very clear, including the manufacturing and real estate investment. We believe that short-term macro-indicators can not question the growth of construction machinery, engineering machinery industry to maintain the recommended rating.
Domestic sales of construction machinery from January to February reached a record high, sales of popular Japanese Korean excavator. Korean excavator sales in January rose 187%, Japan 84% rise year on year. Modest global economic recovery, the pressure recovery in exports and a trade war from the appreciation of the renminbi, the domestic engineering machinery companies are trying to reduce trade friction through foreign investment, to achieve brand promotion.
Affected by the Lunar New Year holidays, in February the heavy machinery industry production chain in general decline, casting and forging production continued strong momentum. Metal smelting and rolling equipment, flat growth, lifting equipment, production increased by 24%; oil refining and petrochemical equipment, basic production was flat last year; mine device yields are down slightly year over year 11%; cast iron cast steel production increased by 51%, forging production an increase of 65%.
Foreign machinery orders for the better: the German manufacturing index and ring orders index rebounded more than 4 points and 1.8 points, the industry road to recovery will be long and tortuous; the United States the total machine tool orders and cutting machine orders rose 26%, respectively and 34%, the revitalization of industry in the U.S. government to vigorously promote the export environment, the expected performance of U.S. machine tool industry will be better than last year; in February orders for chain cutting machine tools in Japan continue to be strong, orders from China more than 5 times last year, European and North American orders have recovered quickly, up 63% and 85%.
by: gaga
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