The construction machinery market is not weak in the off-season. The sales growth rate of excavators in July may exceed 60%

(Note: CMI is China's construction machinery market index, which is a monthly comprehensive monitoring index of construction machinery market. It is mainly calculated by weighting four indexes: inventory and production of manufacturers, new orders of agents and prices of first-line users. CMI≤100, market recession; 100 < CMI ≤ 130, the market is tepid; 130 < CMI ≤ 170, and the market enters an expansion period. ) According to the data released by the artisan construction machinery, the China Construction Machinery Market Index (CMI) in July 2020 was 130.88, an increase of 11.2% year-on-year, and the growth rate continued to expand; Compared with the previous month, it decreased by 2.09%, with a slight increase. According to CMI judgment standard, 130<CMI≤170 indicates that the market is still optimistic and in a stable growth state.

According to the data released by the artisan construction machinery, the China Construction Machinery Market Index (CMI) in July 2020 was 130.88, an increase of 11.2% year-on-year, and the growth rate continued to expand; Compared with the previous month, it decreased by 2.09%, with a slight increase. According to CMI judgment standard, 130<CMI≤170 indicates that the market is still optimistic and in a stable growth state. In the CMI index, the inventory index for the survey feedback of the manufacturer group increased by 0.4 percentage points compared with the previous period, and the production index decreased slightly by 0.5 percentage points; The new order index for the survey feedback of agent groups increased by 6.9 percentage points year-on-year and decreased by 7.9 percentage points quarter-on-quarter; The user price index of the first-line market survey is basically the same as that of the previous period. It is preliminarily estimated that the sales volume of domestic excavators will reach 16,446 units in July 2020, a year-on-year increase of 61.4%; Both Guojin Securities and Zheshang Securities expect that the sales growth rate of excavators will reach more than 60% in July; CICC Securities expects that the sales volume of excavators will increase by more than 50% year-on-year in July. On the whole, this year's construction machinery market presents obvious characteristics of "not weak in off-season". It is a high probability event that the sales volume of excavators will reach a new high in 2020, and it is even expected to reach about 300,000 units.