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Since the beginning of this year, although the growth of major economic indicators of China's machinery industry has continued to decline in the downward trend. However, the growth rate of the production and sales of the machinery industry in China in the first 10 months increased by 11% year-on-year.
Six sub-sectors achieved double-digit growth Among the 120 main products of China National Computer Federation, the cumulative cumulative growth of products was 69, which accounted for 57.5% of all reported product varieties; of which there were products with double-digit growth. 46 kinds, which accounted for 38.33% of all reported products; 50 kinds of products produced less than last year, accounting for 41.67% of the reported products. The specific product is completed as follows:
First, the large tractors, corn harvesting machines, and primary processing machinery continued to be booming in production and sales in the first 10 months, and the year-on-year growth rate was maintained at 34% or more. In particular, the corn harvesting machinery continued to increase for several months in a row. The current month and accumulative growth rate Keep it more than doubled. At the same time, small tractors and cotton processing machinery fell 17.66% and 24.20% year-on-year respectively.
Secondly, the monthly construction machinery and machinery products showed a declining trend, and the decline rate was expanded to a different extent than last month. Among them, excavators, loaders, and compaction machinery declined significantly, falling from the previous year to October. 35.57%, 33.39% and 18.69%. In October, the concrete machinery changed the trend of low-speed growth in the first four months, and the monthly growth and cumulative year-on-year growth rate dropped by 25.85% and 2.13% respectively.
Third, the market demand for machine tool products decreased significantly. From January to October, metal cutting machine tools and metal forming machine tools decreased by 16.80% and 5.86% year-on-year, respectively, of which CNC metal cutting machine tools and CNC metal forming machine tools decreased by 19.74% and 34.67% respectively. On the whole, although the output of machine tool products showed a downward trend, the declines have all narrowed slightly.
Fourth, in the first 10 months, China produced a total of 16.8751 million cars, a year-on-year increase of 6.96%. From the perspective of the growth rate of automobile production, it fell by 0.39 percentage points from the previous month from January to October. In terms of sub-models, the displacement of 2.5-3.0 liters in basic passenger cars has grown rapidly, which is more than doubled from the same period of last year. The production and sales of passenger cars with a displacement of 1.0 liters or less and a displacement of 2.0-2.5 liters are not prosperous, down by 26.58% and 19.76% respectively. The number of large passenger cars in passenger cars decreased by 6.23% year-on-year, while that of medium and light passenger cars increased by 1.5% and 4.24% respectively. Cargo vehicles sustained negative growth, which dropped by 4.72% year-on-year.
Fifth, with the exception of analytical instruments and devices, which fell by 3.58% year-on-year, the output of other products showed varying degrees of growth, with optical instruments growing at a faster rate, a year-on-year increase of 23.26%. Industrial automation instrumentation and control systems, automotive instrumentation and special instrumentation for environmental monitoring showed steady growth, with year-on-year growth rates above 8%.
Sixth, the hydro-generators, turbo-generators, and wind turbines in the power generation equipment continued to slump, and their output declined. From January to October, year-on-year declines were 1.29%, 8.87%, and 17.39%, respectively, a decrease from the previous month. Narrow 3.77, 2.41 and 0.63 percentage points. Optical fiber cables, insulation products, steel strands and lead-acid batteries in electrical products showed a rapid growth, with a year-on-year increase of over 28%.