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        The downward trend of the national machinery industry or the impact of the first half of 2019

        Hits:Updated:2019-07-09 09:07:00【Print】

          On December 18th, the China Aircraft Industry Expert Committee held a seminar on “Analysis of the Economic Operation Situation of the Machinery Industry in 2018 and Prospects for 2019”, machine tools, automobiles, electrical appliances, instrumentation, parts, general machinery, engineering machinery, Representatives or representatives of industry associations such as heavy machinery, bearings, hydraulic and pneumatic seals, internal combustion engines, and office equipment participated in the conference. Representatives of China Machine Tool Industry Association attended the meeting and introduced the operation of the industry. Chen Bin, Executive Vice President of China   Machine Building, and relevant departments attended the meeting. The meeting was chaired by Cai Weici, deputy director of the China Machine Tool Committee.
          According to reports, the development of construction machinery industry exceeded expectations in 2018. From January to November, construction machinery increased by 27% year-on-year, of which road construction machinery was basically flat and earthmoving machinery increased substantially. The automobile and office equipment industry was in a state of low speed development in 2018. Most of the industries such as parts, general machinery, heavy machinery, bearings, hydraulic and pneumatic seals, and internal combustion engines, like the machine tool industry, grew rapidly in the first half of the year, falling in the second half of the year, and accelerated in September and October.
          In conclusion, Cai Weici said that since 2018, the national machinery industry has generally taken a roller coaster ride, rising in the first half of the year and falling in the second half. From January to October 2018, the added value of the machinery industry increased by 6.8% year-on-year, compared with 10.7% in the same period last year. The current downward trend in the industry is quite obvious, and this downward inertia may affect the first half of next year.
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