From January to March 2020, according to the statistical data of the key contact enterprises of China Machine Tool Industry Association, with the effective control of the domestic epidemic situation, the orderly progress of the resumption of work and production, and the implementation of various guarantee policies, the overall operation of the machine tool industry has gradually recovered In March, operating income, total profit, output value, output and other major economic indicators rebounded significantly month-on-month, but they still fell sharply year-on-year.

The Purchasing Managers Index PMI in March 2020 returned to above the prosperity and decline line, at 52.0%, an increase of 16.3 percentage points from the previous month. Among them, the production index was 54.1%, an increase of 26.3 percentage points from the previous month; the new order index was 52.0%, an increase of 22.7 percentage points from the previous month. It shows that the production volume of the manufacturing industry has increased month-on-month, and market demand has also picked up.

From January to March, the total investment in fixed assets fell by 16.1% year-on-year, and the rate of decline narrowed by 8.4 percentage points from the previous month. Among them, manufacturing investment fell by 25.2% year-on-year, and the rate of decline narrowed by 6.3 percentage points from the previous month. The overall economic operation has shown a significant year-on-year downward trend, which has narrowed compared to the previous month.

However, investment in the automobile manufacturing industry, which is most closely related to the machine tool industry, fell by 27.2% year-on-year, and the rate of decline narrowed by 13.8 percentage points from the previous month. From January to March, automobile production and sales fell by 45.2% and 42.4% year-on-year, respectively, and the rate of decline was -0.6 and 0.4 percentage points respectively from the previous month. Recently, national and local governments at all levels have successively introduced a series of policies to encourage automobile consumption, and the automobile manufacturing industry is expected to stabilize.

At present, the impact of the new crown epidemic is gradually weakening, and the economy is accelerating its recovery. Although uncertainties at home and abroad have increased and downward pressure on the economy has increased, my country has huge market potential and strong economic fundamentals. It is hoped that enterprises in the industry will make full use of various supporting policies, actively respond to the impact and impact of the epidemic, overcome current difficulties, turn crises into opportunities, and maintain stable operations of enterprises.

(Source: Information Statistics Department of China Machine Tool Industry Association Editor: Zhang Fangli)