The Overall Improvement Of China's Machine Tool Industry

The China Machine Tool Industry Association disclosed on the 2nd that from January to April 2020, the operating income of enterprises above the designated size in the Chinese machine tool industry decreased by 12.9% year-on-year, a decrease of 7.9 percentage points from January to March; The decline was narrower by 18.9 percentage points from January to March.

At the same time, the major economic indicators of the key contact enterprises of China Machine Tool Industry Association also rebounded significantly from the previous month, and the year-on-year decline narrowed significantly from January to March. This shows that the overall operation of the Chinese machine tool industry is recovering and improving as the domestic epidemic prevention and control situation continues to consolidate, the resumption of production and production is solidly promoted, and the various support and guarantee policies are gradually implemented.

The China Machine Tool Industry Association said that manufacturing investment fell from January to April year-on-year, and the decline was narrower than last month. The investment in the automobile manufacturing industry, which is the most relevant to the machine tool industry, declined year-on-year, narrowing from the previous month, and the production and sales of automobiles showed a recovery growth. The country's recent policy measures to promote automobile consumption are relatively strong and deserve attention. Companies are more optimistic about the recovery of market demand in the future.

China Machine Tool Industry Association also said that the current domestic economic life is on the right track. However, the epidemic situation abroad has not been effectively controlled, and it still has a large negative impact on foreign trade and international cooperation. On the whole, uncertainties at home and abroad have increased, and downward pressure on the economy has increased. It is hoped that industry enterprises can make full use of government support policies, overcome difficulties, turn crises into opportunities, and keep enterprises running smoothly.