The machinery industry has shown signs of bottoming out
The National Bureau of Statistics recently released the growth data of added value of industrial sectors. In March 2009, the added value of national industrial enterprises above designated size (enterprises with annual main business income of more than 5 million yuan) increased by 8.3% year-on-year, and the cumulative added value increased by 5.1% year-on-year. General equipment manufacturing, special equipment manufacturing, transportation equipment manufacturing, electrical machinery and equipment manufacturing, instruments and instruments and cultural office machinery manufacturing increased by 11.4%, 14.4%, 5.9%, 12.5% and 0.3%, respectively. The cumulative year-on-year growth was 6.8%, 11.3%, 2.8%, 9.5% and -2.5%, respectively.
Comment on:
1. In March 2009, the added value of industrial enterprises above designated size increased by 8.3% year on year, 2.7 percentage points lower than that of February, which was mainly due to the Spring Festival in February. In fact, the added value growth of industrial enterprises in March was higher than that of 3.8% in the previous two months. Also compared with December 2008 growth picked up 2.6 percentage points, the overall industrial economy has initially stabilized.
Second, the sub-sectors of the machinery industry are similar to the overall industrial situation. The growth rate of industrial added value is basically stable, and some of the sub-sectors have recovered. Just the month in March, general equipment manufacturing industry, special equipment manufacturing, transportation equipment manufacturing, electric machinery and equipment manufacturing, instrumentation and cultural office machinery manufacturing industrial production rose 11.4% during the month, 14.4%, 5.9%, 12.5%, 0.3%, in addition to the instrumentation and cultural office machinery manufacturing, Both were higher than in December 2008. From January to March, the year-on-year growth rate was 6.8%, 11.3%, 2.8%, 9.5% and -2.5% respectively. Except for instrument and cultural office machinery manufacturing industry, the accumulated growth rate was also higher than that in January and February.
Three, march machinery, transportation equipment manufacturing, electric machinery and equipment manufacturing, general equipment manufacturing PMI data and a leading position in the manufacturing, display the machinery industry production and downstream demand recovery is more than other manufacturing industries, the national policy of expanding domestic demand, increase investment in infrastructure and measures for the pull effect on the mechanical industry is beginning to show.
Iv. Generally speaking, some products and subsectors of the machinery industry have shown signs of bottoming out and recovery. At present, the sub-industries of agricultural machinery, heavy machinery equipment, electrical equipment and construction machinery are in a good situation, and the added value of industry has a high year-on-year growth. Although the machine tool industry has improved, but the downstream demand for machine tools will still be depressed, the industry will face difficulties in 2009; Shipping industry due to the world economic recession caused by weak external demand, there are still no signs of recovery.
