Excavator production and sales continue to increase, and China's economy is picking up?

According to data released by the National Bureau of Statistics, in May, the national output of excavators was 40,420, a year-on-year increase of 82.3%; from January to May 2020, the cumulative output of national excavators was 153,289, a year-on-year increase of 14.7%.

Excavator output has increased significantly, coupled with the obvious recovery of other physical indicators, which mutually confirms the trend of the main indicators of macroeconomic operation, reflecting the gradual increase in the positive factors of China's economic operation, and the economy continues to show a recovery trend.

At present, China’s resumption of work, production, and business has been fully promoted, and production demand has continued to improve. However, the losses from the impact of the epidemic still need to be made up. The economy has not returned to normal levels. The domestic economy is still under pressure to return to normalized growth. Work harder.

In recent months, various regions have launched consumer vouchers, product promotion activities, etc., coupled with the rapid development of consumption models such as online scenes and new business formats, stimulating domestic consumption to continue to pick up, and consumer goods retail will continue to pick up. As fiscal expenditures increase and tilt toward infrastructure investment, the growth rate of infrastructure investment is expected to accelerate.