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Excavator sales rise by double digits
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Sales by China’s major excavator producers continued to grow by double digits in August, the China Construction Machinery Association said.
The country’s 25 leading excavator makers sold 11,588 units in August, up by a slower 33 percent year on year, from the 45.3-percent jump in July.
The domestic market saw sales of 10,087 excavators, up 26.8 percent year on year. Excavator exports soared 95.8 percent to 1,482 units.
From January to August, 142,834 excavators were sold, up 56.2 percent over the same period last year. Over 130,000 of those were sold in domestically.
Sales of excavators are usually backed by growth in mining, construction, and infrastructure investment.
In the first seven months of this year, China’s fixed-asset investment grew 5.5 percent year on year, down from 6 percent for the first six months, with growth accelerating in private investment, the National Bureau of Statistics said.
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