China’s July yellow goods sales surge 54.8% on year
Aug 12, 2020 15:00
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Sales of Chinese excavators at home and abroad surged by 54.8% on year in July, according to the latest statistics from the China Construction Machinery Association (CCMA) published on August 11. Last month’s performance marked the fourth straight month with an on-year increase, indicating that bookings – especially from the construction sector – stayed firm, even though July is traditionally a slack consuming month, Mysteel Global noted.
China sold 19,110 units of excavators last month, CCMA data show, and while this was 22.4% lower on month, it was still considered a rather good result in what is usually the off-season for sales over July-August when many construction projects are disrupted with heavy rainfalls and flooding in many