Recent News
Views:382 | recommendation: | Votes:0 | Discuss:0 | ||
Chinese excavator makers post slower sale growth | ||
Sales by China's major excavator producers continued to rise in the first two months of the year, but at a slower pace, according to China Construction Machinery Association. Twenty-five leading excavator makers sold 21,800 digging machines for January-February, up 14.3 percent year on year, compared with an increase of 189 percent during the same period of 2017. A total of 19,270 excavators were sold in the domestic market during the period, up 7.9 percent from a year earlier, while overseas sales more than doubled to 2,524 machines. In February alone, total excavator sales fell 23.5 percent from one year earlier as a week-long Spring Festival holiday shortened working days. Sales of digging machines are a indicator of the vitality of an economy as demand for them is usually backed by growth in mining and infrastructure development. The manufacturing purchasing managers' index, a gauge of manufacturing sector activity, expanded at a slower pace of 50.3 in February, from 51.3 in January and 51.6 in December. Source: Xinhua 2018/3/15 15:49:00 | ||
| ||
|
Discuss |
More Discuss... |
Fastener Shanghai
China Fastener Directory
Get it FREE!
Get it FREE!
Latest News
EU takes US to WTO over steel, aluminum tariffs
China to phase out share-holding limits for foreign investors in manufacturing sectors
China to phase out share-holding limits for foreign investors in manufacturing sectors
Company News
Dongtai Huawei to Attend Korea 2017 Metal Week, Booth No. 8a103, Welcome to Visit Us!
In Pursuit of Excellence in Quality—ZHEJIANG CHAOBOER HARDWARE CO.,LTD.
