China Machine Tool Industry Association released on the 17th an analysis of the economic operation of the machine tool industry in the first half of 2020: In the first half of the year, the new crown pneumonia epidemic severely affected the machine tool industry, and major economic indicators fell sharply from January to February; major economic indicators after March It is getting better month by month, and the trend of stabilizing and improving in May and June has become clear.
From January to June, China's machine tool industry completed a cumulative operating income of 294.66 billion yuan, a year-on-year decrease of 7.6%. Since the beginning of this year, the year-on-year decline in accumulated operating income in each month has been significantly narrowed month by month, and the monthly year-on-year change is even more obvious. Among them, the operating income completed for three consecutive months after April has increased significantly year-on-year.
In addition, the total profit realized by the machine tool industry from January to June was 15.83 billion yuan, a decrease of 2.5% year-on-year, which was 10.3 percentage points less than the total profit realized by industrial enterprises above designated size. Since the beginning of this year, the year-on-year decline in the total realized profit in each month has been significantly narrowed month by month.
With the improvement of China's domestic epidemic situation and the continuous release of the effects of a series of foreign trade stabilization policies and measures, imports and exports have gradually stabilized since March this year. In the first half of the year, China's total import and export of machine tools was US$12.27 billion, a year-on-year decrease of 12.3%, and the rate of decline narrowed by 3.8 percentage points compared with the first quarter. Among them, imports fell by 15.7% year-on-year, and the rate of decline narrowed by 5.6 percentage points from the first quarter; exports fell by 8.9% year-on-year, and the rate of decline narrowed by 1.7 percentage points from the first quarter.
Due to the current global spread of the epidemic, the severe recession of the world economy, the shrinking of international trade and investment, and the increasing uncertainties facing foreign trade, the import and export situation of China's machine tool industry remains severe in the second half of the year.
The China Machine Tool and Tool Industry Association analysis pointed out that, based on various factors, China’s epidemic prevention and control situation continued to improve, various policies and measures gradually became effective, and various positive factors continued to accumulate. However, the basis for continued improvement in industry operations in the second half of the year is subject to uncertainty. The influence of factors is still relatively large. It is expected that the main economic indicators of China's machine tool industry for the whole year are expected to be the same as the previous year.
