Chinese machinery manufactures’ excavator sales slid nearly 30% on year in Jul
DATA STOCKS
Chinese machinery manufactures’ excavator sales slid nearly 30% on year in Jul
DATA STOCKS

Chinese machinery manufactures’ excavator sales slid nearly 30% on year in Jul

 

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China’s major machinery manufacturers sold 12,606 units of excavators in July, sliding 29.7% from a year earlier, according to the China Construction Machinery Manufacturers. 

In breakdown, they sold 5,112 units of excavators in the domestic market, slumping 44.7% from a year earlier, and sold 7,494 units overseas, sliding 13.8%, said the association.

In the first seven months of the year, they sold a total of 121,424 units of excavators, sliding 24.6% from a year ago, and that included 56,143 units sold domestically, slumping 44.1%, and 65,281 units sold overseas, rising by 7.6%, it said.

China’s excavator industry, a typically cyclical industry, remains in a downward cycle. Besides, the shift to Stage IV exhaust emission standards for non-road machinery since last December had brought forward the demand for excavators, as Stage III excavators were cheaper compared with those complying with Stage IV emission standards, a Shanghai-based analyst said.

Demand from the two major consumption sectors – infrastructure and property redevelopment – has been waning, also leading to the poor sales of excavators, he added.