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China Sept yellow goods sales dip 23% YoY, up 11% MoM

ABSTRACT

In September, China’s excavators sales at home and abroad declined on year for the fifth straight month and at a faster pace of 22.9% to 20,085 units, though it was up on month for the second month by 11.1%, according to the data released by the China Construction Machinery Association (CCMA) on October 12, mainly due to the waning demand domestically and high base of last year, according to market sources.
Last month, CCMA’s survey among the 26 domestic major manufacturers showed that their domestic sales of excavators totaled 13,934 units or accounting for 69.4% of the the total, which was down on year for the sixth month by 38.3% but up on month for the second month by 1,585 units

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