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China’s Jan excavator sales surge 97.2% yoy on low basis

China’s excavators sales by the 26 makers for both domestic and overseas markets totalled 19,601 units for January, or up 97.2% on year, according to the latest statistics from the China Construction Machinery Association (CCMA), with the surge mainly due to the low base numbers for January 2020 when China was hit by the COVID-19 and the remaining robust demand from the domestic construction projects, market sources commented.
“Such a huge jump is no surprise me at all, as the sudden pandemic outbreak in late January 2020 laid a very low basis,” a Shanghai-based market analyst stated, and “for the same reason, February may post a jump of a similar agree,” she said. Among the total, domestic sales increased 106.6% on year

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