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China's Excavator Sales Increase in June 2019

Infra News - Published on Wed, 17 Jul 2019

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Xinhua, citing the China Construction Machinery Association, reported that sales for China's major excavator producers increased in June, data from industry association has shown. The country's 25 leading excavator makers sold a total of 15,121 excavators last month, up 6.6 percent YoY.

In breakdown, 12,409 excavators were sold in the domestic market, down 0.3 percent YoY, while exports of the equipment soared 56.4 percent to 2,695. Major manufacturers sold a total of 137,207 excavators in the H1 of the year, up 14.2 percent from the same period last year. Over the period, exports of the equipment surged 38.7 percent from a year ago to 12,335.

Sales of digging machines are an indicator of the vitality of an economy as demand is usually backed by growth in mining and infrastructure development.

The association said that China sold a total of 203,420 excavators in 2018, surging 45 percent YoY.

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Posted By : Mohan Sharma on Wed, 17 Jul 2019
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