Machinery industry is expected to increase production and sales by 18% this year

From the China Machinery Industry Federation press conference on the 13th, it was learned that due to the multiple factors such as the severe international economic situation and the weak demand market, the growth rate of the main economic indicators of China's machinery industry will continue to decline in 2012, and the growth rate of production and sales is expected to be about 18%. The growth rate is expected to be about 12%.

Compared with the rapid growth in the past 10 years, the growth rate of the major economic indicators of China's machinery industry fell back in 2011, and the growth rate of profits declined. According to data from the National Bureau of Statistics, in 2011, the output value of machinery industry increased by 28.87% over the same period of last year, and the growth rate in May decreased to 22.85%. The year-on-year growth rate in the second half of the year gradually slowed down. Among them, the growth rate of automobile production and sales was the lowest in nearly 13 years. At the same time, the growth rate of profits in the first 11 months of 2011 fell rapidly, with the growth rate falling by 34 percentage points from the previous year.

The China Machinery Industry Federation predicts that the growth rate of major economic indicators of China's machinery industry will continue to decline in 2012. In the end of the first quarter or the second quarter, it may reach a low point of falling, after which the growth rate will be stabilized again.