In the case of resumption of production and production, changes in excavator sales are also an important signal.
According to statistics released recently by the China Construction Machinery Industry Association, in March 2020, a total of 49,408 excavation machinery products were sold nationwide. Among them, domestic sales accounted for 46610 units, an increase of 11.2% year-on-year; export sales were 2798 units, an increase of 17.7% year-on-year. In March, the sales of excavators reached 49,400 units, setting a historical record.
The latest sales data of the excavator revealed what information was analyzed by financial commentator Hou Jie.
In March 2020, a total of 49408 sets of various excavating machinery products were sold nationwide
This data further confirms that while China has achieved periodic results in fighting the epidemic, the effects of resuming work and resuming production have already appeared. Combined with the recovery of previous indicators such as PMI, blast furnace operating rate, and coal consumption for power generation, we can say with great confidence that the Chinese economy is full of resilience and the stamina for development is very strong.
When the global epidemic has not yet reached an inflection point, the key to boosting the Chinese economy lies in investment and consumption. The excavator has always been the vane of the construction machinery industry, and as a midstream industry, the construction machinery industry affects energy resources such as steel, nonferrous metals and petroleum upwards, and downwards is a barometer of infrastructure investment. Excavator sales hit a record high, showing that infrastructure investment has already entered the runway.
From the specific data, the sales volume of small excavators used for small projects and fine engineering has increased the most. The management's repeated emphasis on the policy of "do not engage in strong stimulus and prevent rushing up" is very clear. The current investment focus is on the two directions of "compensating for shortcomings and breaking new paths". To make up for the shortcomings is to accelerate the improvement of the weak rural infrastructure, the imperfect urban management, and the lack of public services that are urgently needed to win the well-off. Breaking new ground is to vigorously promote new infrastructure such as 5G, new energy and industrial Internet, so as to promote China's economy to embark on the fast track of high-quality development.
Judging from the current domestic situation, the new high in March is just the beginning. In the second quarter, with the increase in counter-cyclical adjustments, the construction investment has further accelerated, and the need to resume work has been superimposed, and there is yet another record. New high possibility.
