January-August 2020 Machine Tool Industry Operation Overview

Release time:

2020-11-10

Core Tip: January-August 2020, China's machine tool industry enterprises above the size of the completion of operating income decreased by 5.9 percent year-on-year, the decline narrowed by 1.7 percentage points compared with January-July; total realized profit increased by 6.7 percent year-on-year, from January-July (-1.9 percent) year-on-year decline to growth.

January-August 2020 Machine Tool Industry Operation Overview

According to the statistics of the National Bureau of Statistics, from January to August 2020, the completed operating income of enterprises above the scale of China's machine tool industry decreased by 5.9 percent year-on-year, a decrease of 1.7 percentage points lower than that of January-July; the total realized profit increased by 6.7 percent year-on-year, from January-July (-1.9 percent) year-on-year decline to growth.

The China Machine Tool Industry Association focuses on the main economic indicators of the company, continuing the characteristics of the January-July decline and rapid compensatory recovery. From January-August 2020 statistics, the machine tool industry operating income decreased by 5.8 percent year-on-year, a decline of 2 percentage points from January-July; total profit growth increased by 6.4 percent year-on-year, an increase of 5.2 percentage points from January-July. At the same time, the output of metal processing machines achieved positive growth, and the growth rate of new orders and orders in hand increased slowly. The indicators of the metal cutting machine tool industry are improving in an all-round way.

On the whole, the overall operation of the industry accelerated in August, but some sub-industries and enterprises still face greater pressure. Enterprises in the Greek industry pay close attention to the changes in the domestic and international situation, make good use of the national support policies after the outbreak of the epidemic, fully stimulate their own vitality, actively tap the market potential, constantly consolidate and expand the good trend, and strive to achieve higher quality development.

(Source: China Industrial News Network)