Machinery industry continues to decline in the growth rate of added value

It was learned from the Federation of Machinery Industry that since the beginning of this year, the growth rate of the value added of the machinery industry has continued to decline, and the decline has exceeded the expectation at the beginning of the year. From January to June, the value-added of machinery industry increased by 5.7% year-on-year, which was lower than the national industrial growth rate by 0.6% during the same period, and was also lower than the growth rate of machinery industry by 5.5 percentage points over the same period of last year. The growth rate of the value added of the mechanical industry is lower than the growth rate of the industrial added value. This is a phenomenon that has been rare for many years and has caused a high degree of concern in the industry.
In addition, after the country introduced a series of steady growth policies and measures, the effect gradually appeared. In June, the growth rate of the value added of the machinery industry rebounded significantly. In June, the percentage rose by 2.2 percentage points compared with that in May. Among them, the automotive industry rebounded rapidly and rose by 3.5 percentage points. In particular, low-speed truck manufacturing and tram manufacturing rebounded by 25.2 and 8.1 percentage points. The large-scale motor manufacturing industry rebounded by 4.6 percentage points, the textile, clothing and leather processing equipment manufacturing industry rebounded by 10.4 percentage points, and the special instrumentation industry rebounded by 6.6 percentage points.
However, in the first half of this year, the main performance indicators of the machinery industry continued the downward trend since last year. From January to June, the main business income of the machinery industry was 10.73 trillion yuan, a year-on-year increase of 3.47%. Compared with the growth rate of 11.52% in the same period of last year, it fell by 8.05 percentage points, and the growth rate was a new low since the beginning of 2008. From January to June, the total profit of the machinery industry was 714.5 billion yuan, a year-on-year increase of 0.13%, and the growth rate was 19.45 percentage points lower than the 19.58% in the same period of last year. The lowest level in the same period in the past five years.
However, compared with the national industry, the main business income and profit growth rate of the machinery industry is still higher than the national industrial 2.07, 0.83 percentage points over the same period.

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