Excavator sales continued to rise in October, continuing the hot sales.
Excavator sales continued to rise this month, continuing the hot sales in 2010. According to the market rules in previous years and the current market environment, excavator sales in November and December will decline slightly on the basis of September and October, but the overall trend will be More stable. According to the market conditions in the past 10 months, the excavator sales tone for this year was determined to have no suspense at all.
In October, export sales volume shrank, and the share of imported machines dropped significantly.
This month's export market performed poorly, showing a large decline compared with the previous month, but it still showed a substantial increase compared to the same period of last year. The main reason was that the export base was lower due to the financial crisis in the same period last year.
This month, the share of imported machines has further declined, and the scale of local production continues to expand. As a whole, the share of imported machines in total sales in 2010 has decreased significantly compared to 2009, and this trend will continue in the coming years.
The CPI has reached a new high and China has entered a new round of rate hikes.
In October, the consumer price index (CPI) rose by 4.4% year-on-year, reaching a new high in 25 months, with an increase of 0.8% from the previous month and a year-on-year increase of 0.7%. The ex-factory price of industrial products (PPI) increased by 5.0% from the previous year. The monthly expansion of 0.7 percentage points, the ring rose 0.7%.
The CPI exceeded market expectations and will continue to raise the deposit reserve ratio during the year. It is also possible to raise interest rates again. Judging from the current situation, the forecast that the market’s expected CPI will gradually fall in the fourth quarter is basically undone, and the pressure of continued upward pressure is relatively large. From the point of view of monetary policy, the signal from moderately relaxed to stable has been very clear. If the inflow of hot money continues to increase, there will be an upward adjustment in the deposit reserve ratio during the year.
The PMI continued to rebound and the macroeconomic trend was stable.
The continued rise in PMI means that the manufacturing economy is in an expansion zone. From the perspective of PMI, the monthly growth will show steady growth in the fourth quarter, and the economic development will continue to maintain a steady and rapid development.
The stable and rapid economic development provides a good market environment for excavator sales, and domestic demand will remain stable. Exports are deeply affected by the foreign market environment. Excavator export sales will fluctuate greatly under the circumstances of unclear economic development.
Excavator sales continued to rise this month, continuing the hot sales in 2010. According to the market rules in previous years and the current market environment, excavator sales in November and December will decline slightly on the basis of September and October, but the overall trend will be More stable. According to the market conditions in the past 10 months, the excavator sales tone for this year was determined to have no suspense at all.
In October, export sales volume shrank, and the share of imported machines dropped significantly.
This month's export market performed poorly, showing a large decline compared with the previous month, but it still showed a substantial increase compared to the same period of last year. The main reason was that the export base was lower due to the financial crisis in the same period last year.
This month, the share of imported machines has further declined, and the scale of local production continues to expand. As a whole, the share of imported machines in total sales in 2010 has decreased significantly compared to 2009, and this trend will continue in the coming years.
The CPI has reached a new high and China has entered a new round of rate hikes.
In October, the consumer price index (CPI) rose by 4.4% year-on-year, reaching a new high in 25 months, with an increase of 0.8% from the previous month and a year-on-year increase of 0.7%. The ex-factory price of industrial products (PPI) increased by 5.0% from the previous year. The monthly expansion of 0.7 percentage points, the ring rose 0.7%.
The CPI exceeded market expectations and will continue to raise the deposit reserve ratio during the year. It is also possible to raise interest rates again. Judging from the current situation, the forecast that the market’s expected CPI will gradually fall in the fourth quarter is basically undone, and the pressure of continued upward pressure is relatively large. From the point of view of monetary policy, the signal from moderately relaxed to stable has been very clear. If the inflow of hot money continues to increase, there will be an upward adjustment in the deposit reserve ratio during the year.
The PMI continued to rebound and the macroeconomic trend was stable.
The continued rise in PMI means that the manufacturing economy is in an expansion zone. From the perspective of PMI, the monthly growth will show steady growth in the fourth quarter, and the economic development will continue to maintain a steady and rapid development.
The stable and rapid economic development provides a good market environment for excavator sales, and domestic demand will remain stable. Exports are deeply affected by the foreign market environment. Excavator export sales will fluctuate greatly under the circumstances of unclear economic development.
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