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China’s August yellow good sales down 13.7% YoY

ABSTRACT

In August, China’s excavators and heavy machinery sales at home and abroad declined on year for the fourth month and at a faster pace of 13.7% to 18,075 units, though it was up 4.2% on month, Mysteel Global understood from the data released by the China Construction Machinery Association (CCMA) on September 7, partly as last year’s base was quite high when government had put great efforts in stimulating domestic economies.
Last month, CCMA’s survey among the 26 domestic major manufacturers showed that their domestic sales of these heavy machinerytotaled 12,349 units or accounting for 68.3% of the total, which was downon year for the fifth month by 31.7%but also up on month though by merely 20 units. Low domestic sales in

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