Frbiz Report: Machine Tool Industry Growth Will Slow

2010-08-26 17:02 730
    BEIJING, Aug. 26 /PRNewswire-Asia/ --, one of China's leading B2B search platforms, reports that China's machine tool industry growth will begin to slow.

    The machine tool industry growth situation has entered a declining trend. Judging from the situation in Japan, after the beginning of 2010, the Japanese machine tool industry's total order annual rate made a fast increase. But the order growth situation in April, May and June appeared to decline. The main reason was due to a fall in overseas orders. The fast growth stage of Japan's machine industry orders reached its peak in April.

    While Europe's machine tool orders have declined in May, North America's market has stayed flat in May and April. The current global economy still has large uncertainties, while at the same time, affected by European government debt crisis, all governments have been forced to cut expenditures, which further increases the uncertainty in global economic recovery.

    In addition, China's CNC machine output growth in May and June showed consecutive year-on-year declines. Machine tool industry operation data shows that China's CNC machine output growth in June continued to decline to lower levels than May. 

    Since 2009, automobile and construction industry growth has been high. In 2010, China's auto output and engineering machinery production rate has fallen slightly. As the year progresses, it is expected that the increase in auto production will continue to slow down while maintaining a sustained increase. This will play an important role for the machine tool industry's prosperity in the near future.
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Keywords: Retail