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I. Production and Sales Growth Rates Continue to Decline Year-on-Year
During the first eleven months of 2012, the national machine tool industry achieved a total industrial output value of 715.653 billion yuan, representing an increase of 12.59%. The sales value reached 696.117 billion yuan, up by 12.34% year-on-year, with a production and sales ratio of 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 the year. In particular, the growth rates of cutting tools manufacturing and metal cutting machine tool manufacturing have seen significant declines, with year-on-year growth rates falling by 32.5 and 17.59 percentage points respectively.
II. Export Delivery Value Growth Rate Slowed Down
From January to November 2012, the machine tool industry generated an export delivery value of 41.895 billion yuan, an increase of 17.14% year-on-year, although this marked a slowdown of 1.86 percentage points compared to the same period in 2011.
Looking at sub-sectors, the growth rates of metal cutting machine tool manufacturing and metal forming machine tool manufacturing increased slightly. However, other sectors experienced declines. Among them, other metal processing machinery manufacturing saw the most significant drop, decreasing from 44.86% to 18.45%, a year-on-year fall of 26.41%. Additionally, the wood processing machinery manufacturing sector also declined sharply, with a year-on-year decrease of 25.89%.
III. Major Product Output Generally Declined
In terms of major product output, China Machine Network noted that the overall value of seven key products in the machine tool industry dropped in November. Among them, CNC metal cutting machine tools recorded the largest decline, with output falling by 43.59 percentage points year-on-year.
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 previous year. The growth rate of industrial output value reached 12.59%, which was down by 20.83 percentage points from the same period last year. Similarly, the growth rate of industrial sales value stood at 12.34%, reflecting a decline of 20.68 percentage points year-on-year. Meanwhile, the export delivery value grew by 17.14%, but this was still a decrease of 1.86 percentage points compared to the previous year.