The construction machinery industry has maintained a high boom

Known as the "economic activity thermometer" said excavators are still heating up. According to the statistical data of China Construction Machinery Industry Association, in October 2020, the 25 main engine manufacturing enterprises included in the statistics sold a total of 27,331 sets of mining machinery products, with a year-on-year increase of 60.5%.Among them, 23,892 units were sold in the domestic market, up 60.7% year on year.The export sales volume was 3,439, up 59.4% year on year.

What needs to be paid attention to is that the sales data of excavators have increased by more than 50% year-on-year for 7 consecutive months.Growth momentum is expected to continue.

Data shows that from January to October, the 25 main engine manufacturing enterprises have sold a total of 263,839 sets of various mining machinery products, with a year-on-year increase of 34.5%.Sales volume of 236,712 units in the domestic market, up 35.5% year on year;Export sales reached 27,127 units, up 25.9% year on year. According to the monthly sales curve, the first two months of this year were affected by the epidemic, and excavator sales fell sharply year-on-year.