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According to the data of the Federation, from January to September, the total industrial output value of the machinery industry was 1,055.112 billion yuan, a year-on-year increase of 34.59%, and the growth rate was 23.6 percentage points higher than the same period of last year. The production of 12 sub-sectors of the machinery industry showed a growth momentum. Compared with the same period of last year, there were 5 growth rates of more than 35%, followed by engineering machinery, machine tool, automobile, mechanical basic parts and internal combustion engine industry, among which construction machinery Industry production grew fastest, with a year-on-year increase of 50.88% from January to September.
“The production and sales of construction machinery have been at the best level in history since this year,†said the Federation.
Construction machinery industry grows faster throughout the year
It was learned from the China Machinery Industry Federation that the machinery industry had a rapid growth in production and sales in the first nine months. Among its 12 sub-sectors, construction machinery is the fastest growing. Among the many products of construction machinery, the production and sales of excavators are the best.