NBS: China’s air-conditioner output dips again in May
Jun 19, 2020 17:00
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Chinese production of air-conditioners declined by 14.7% on year to 19.4 million units during May, according to the latest data from China’s National Bureau of Statistics, with the May result taking total production over January-May to some 78 million units, lower by 23.1% on year, the NBS data show. However, the pace of the decline had slowed marginally from the 24.8% decrease charted over the first four months.
“Summer is coming and actually, air-conditioner sales were good in May, especially among online stores,” a market expert in South China’s Guangdong province said. “But air-con makers did not boost production to any great extent, given that stocks continue to hover at a high level and the prospects for economic