Construction machinery giant Komatsu in September China sales surge
With China's economy showing signs of warming and infrastructure investment, the world's second largest construction machinery giant surged in China last month.
The company's sales of excavators in China almost doubled in September, and sales of excavators, including small excavators (under 6 tonnes), surged 97% to 373 units a year earlier, AkiraSato, a spokesman for Komatsu, quoted Komatsu as saying. The spokesman also revealed that China's demand for overseas suppliers of excavators rose by 84% to 2209 units.
The report also mentioned that Komatsu sales in China rebounded from May this year, August year-on-year growth has risen rapidly to 60%. In fiscal year 2011, Chinese Komatsu was the company's biggest market, even beyond the local sales in China accounted for nearly 1/4 of the total sales volume of the company, but with the Chinese economic slowdown, the data in the year ended March this year has shrunk to 5%.
In addition, the monthly operating hours of engineering equipment sold by Komatsu in China have increased year on year since February 2016. In September, the growth rate increased to 12%, the highest since March this year (29%). This year, Komatsu shares rose to around 20%.
In addition to Komatsu, other construction machinery enterprises in China sales are also recovering. August Hitachi construction machinery sales rose 42%, Kobelco built up 29% machine.
Domestic, Wind data show that in August of this year, China's major enterprises excavator sales rose by 44.9%, a record high since February 2014.
Excavator is sold back, China infrastructure construction continued to force. Wall Street informative introduction, in August, China's economy significantly warmer, industrial, retail, investment and other data than expected. To sum up, the rebound in August was driven mainly by three factors: real estate, automobiles and infrastructure.
In August, fixed asset investment rose by 8.1% year on year, a rebound from 3.9% in July. Three categories of investment are flat and up, of which the manufacturing investment growth rate is low, flat to 1.6%, infrastructure investment growth due to positive fiscal overweight and rebounded to 16.3%. In addition, China's official manufacturing PMI50.4 in September, unchanged from last month, continues to expand.
Deng Haiqing, the world's leading economist at Kyushu securities, wrote that fixed asset investment is stabilizing and that the four year decline is expected to end. "Fixed asset investment growth in full swing, the real estate industry improved significantly. Beginning in September, the State Council began to supervise the work of economic development around the country, is expected to continue to improve the growth rate of fixed asset investment will continue."
China for stimulating the economy rebounded in August of the "three carriages", China Merchants Bank financial markets senior analyst Wan Zhaoceng said, from the data, the real estate has peaked ahead of the two quarter, the monthly data of the car seems to have been into the top, the data will be accumulated into the top at the end of the year, the future economy will greatly depend on the short-term performance in the background of the infrastructure investment by the government.
Next Wednesday (October 19th) at 10 a.m., the Statistics Bureau will publish some important macro data on the three quarter GDP, industrial added value, retail sales of consumer goods, fixed asset investment (including real estate investment) and so on.
A number of brokerage comprehensive knowledge of Wall Street, finishing on September the core economic data forecast shows that in August the data generally expected, at present September volatility, the overall economic growth will be flat with the two quarter, the three quarter GDP growth or stability in 6.7%.
