In August, the sales of machine tools will be the lowest in the future or will develop steadily

According to construction machinery companies, the sales volume of the machinery industry in August was not much changed compared to July sales, which was better than the year-on-year low basis in July. Meanwhile, the machine tool companies also reflected the same number of orders. The decline has continued and the rate has begun to stabilize.

The demand for machine tools remains weak: According to past experience, August is the lowest period of the year for machine tool sales. Some companies reflected that the decline in orders remained between 10% and 20%. However, most companies have stated that the degree of prosperity has not continued to decline, and will remain stable for a long time to come.

The year-on-year sales growth of engineering machinery bases improved: Most construction machinery companies reported that the sales volume for the previous month was basically the same as last month, which was consistent with their previous expectations. However, most of the construction machinery manufacturers also mentioned that the sales fell sharply since August last year, so they are optimistic about the year-on-year improvement in the next few months. Industry insiders expect that the domestic sales of excavators will remain around 6,000 units in August, which may be worse than the seasonal pattern, but the increase in sales volume in subsequent months is a relatively large proportion.