In June 2010, the growth rate of downstream automobile production has dropped to 18%. In the future, with the growth of the base, the growth rate will continue to fall, and the impact on machine tool demand will be negative. The total output growth rate of construction machinery will drop from 31% to 21%. Slowly falling back. The downstream automobile boom has declined and the top of construction machinery has formed. It is expected that there will be a short-term pressure on the machine tool industry in the third quarter.
PMI orders are experiencing a year-on-year decline in output
The industry's leading indicator PMI backlog index has been hovering near the glory line for four consecutive months, with upward pressure. In June, the output of machine tools and basic parts increased year-on-year, and the total profit declined significantly year-on-year, mainly due to the base. The output of CNC machine tools has grown significantly, and we continue to be optimistic about machine tool enterprises with high numerical control ratio.
Imports fell back and exports rose significantly
In June, the growth rate of imports fell, and the growth rate of exports increased significantly. The expected appreciation of the renminbi has weakened, and the external economy has improved. Exports will continue to rise, optimistic about machine tool enterprises with a high proportion of exports.
Razor wire, also known as barbed tape, is a type of security fencing wire constructed with sharp edges or points arranged at intervals along the strands. It is designed to prevent passage by humans and is often used to secure military sites, prisons, government agencies, and other high-security areas.
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