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I. Production and Sales Growth Rates Continued to Decline Year-on-Year
During the first 11 months of 2012, the national machine tool industry achieved a total industrial output value of 715.653 billion yuan, an increase of 12.59%. The sales value reached 696.117 billion yuan, growing by 12.34%. The production and sales ratio was 96.99%.
According to China Machine Network's analysis, the sales value of the machine tool industry has been on a downward trend since the beginning of this year. In particular, the growth rates of cutting tool manufacturing and metal cutting machine tool manufacturing industries dropped significantly, with year-on-year declines of 32.5 and 17.59 percentage points respectively.
II. Export Delivery Value Growth Rate Fell Year-on-Year
From January to November 2012, the machine tool industry generated an export delivery value of 41.895 billion yuan, up by 17.14% year-on-year. However, this was a decrease of 1.86 percentage points compared to the same period in 2011.
Looking at different sub-sectors, the growth rates of metal cutting machine tool manufacturing and metal forming machine tool manufacturing industries increased to some extent. However, other sub-sectors experienced declines. Among them, the output of other metal processing machinery manufacturing industries dropped sharply from 44.86% to 18.45%, a year-on-year decline of 26.41%. Similarly, the wood processing machinery manufacturing industry also saw a significant drop, decreasing by 25.89% year-on-year.
III. Major Product Output Generally Declined
From the perspective of major product output, China Machine Network noted that in November, the overall output value of seven key products in the machine tool industry declined. Among these, CNC metal cutting machine tools saw the steepest drop, with a year-on-year decrease of 43.59 percentage points.
2012 Machine Tool Industry Production and Operation Express
Abstract From January to November 2012, the national machine tool industry showed a gradual recovery trend compared to the same period in the previous year. The growth rate of industrial output value reached 12.59%, which was 20.83 percentage points lower than the previous year; the growth rate of industrial sales value stood at 12.34%, down by 20.68 percentage points year-on-year. Meanwhile, the growth rate of export delivery value was 17.14%, representing a decrease of 1.86 percentage points compared to the same period last year.