Excavator Sales Hit A New High In May
"From current data, excavator sales are likely to hit a record high this year. Some places are still waiting for the goods. On June 13, lu ying, deputy secretary general of the China construction machinery industry association, said of the current excavator sales.
According to the latest data from the excavator branch of the China construction machinery association, the total sales volume of excavators in China in May 2018 was 19,313, an increase of 71.35 percent year-on-year. From January to may, the total sales volume reached 105,900, an increase of 60.18% year-on-year. Many forecasts suggest that excavator sales could exceed 2011's peak of 180,000 units this year.
It is still not certain that the economy is growing rapidly. Infrastructure investment grew by only 12.4% in the january-april period, about half the 23.3% growth in the year-earlier period. Given the current normal performance of the figures, excavators, as a leading indicator for the economy, may indicate that economic growth in the first half of the year remains high, at 6.8 per cent.
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