From January to August, my country's machine tool industry continued to decline
Release Date:2019-10-22
Source:Information Statistics Department of China Machine Tool Industry Association
Views:3046

According to the statistics of industrial enterprises above designated size by the National Bureau of Statistics, the accumulated operating income of the machine tool industry from January to August 2019 decreased by 1.6% year-on-year, the total realized profit decreased by 22.2% year-on-year, and the proportion of loss-making enterprises was 17.5%. From January to August, the main business income of key contact enterprises fell by 16.2% year-on-year, and the total profit suffered a small loss. New orders for metal processing machine tools fell by 35.9% year-on-year, and orders in hand fell by 22.9% year-on-year. The overall operation of the industry continues to decline.

 

In August, my country's manufacturing purchasing managers' index was 49.5%, which was below the prosperity and decline line for four consecutive months. From January to August, the total investment in fixed assets in the society increased by 5.5% year-on-year, a decrease of 0.2 percentage points from January to July, and was the lowest level since the beginning of the year. Among them, manufacturing investment increased by 2.6% year-on-year, a decrease of 0.7 percentage points from January to July. It was the second lowest level since the beginning of the year, and was only 0.1 percentage point higher than the lowest level from January to April. As the main user industry of machine tool products, the investment in the automobile manufacturing industry increased by 1.5% year-on-year, down 0.3% from January to July.

 

From January to August, the production and sales volume of the automobile manufacturing industry decreased by 12.1% and 11.0%, respectively, compared with the same period of the previous year.

 

Affected by the decline in the automobile industry this year, the main economic indicators of my country's machinery industry have been operating at a low level. However, among the 14 major industries in the machinery industry, only the automobile manufacturing and machine tool industries experienced negative growth in operating income and total profits from January to July.

 

Based on the above situation, affected by factors such as the continuous decline in the automobile manufacturing industry and the continuous decline in the growth rate of fixed asset investment in related fields, the continued downward trend of the machine tool industry may be difficult to reverse in the short term. The machine tool industry as a whole will continue to maintain a trend of continuous upgrades in demand, with obvious structural changes in demand, and a downward trend in total demand, with a significant decline in individual sub-sectors. It is expected that the main economic indicators of the industry for the whole year will show great downward pressure year-on-year.