China’s Jan-Aug yellow goods sales up 14% on year
Sep 16, 2019 17:00
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China’s total sales of excavators and other heavy machinery over January-August jumped by 14.4% on year to 163,396 units, according to a September 12 release by China Construction Machinery Association (CCMA). For August alone, sales surged by 19.5% on year to 13,843 units, the data shows.
“Domestic excavator sales saw healthy growth this year – August sales were particularly remarkable – mainly driven by stable development of infrastructure projects,” a Shanghai-based industry source said, adding that the robust yellow goods sales indicated rises in fixed asset investment are likely till the end of the year.