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Overall improvement of the operation of China's machine tool industry

From January to April 2020, the operating income of Enterprises above Designated Size in China's machine tool industry decreased by 12.9% year-on-year, 7.9 percentage points lower than that from January to March; The total profit decreased by 12.4% year-on-year, 18.9% lower than that from January to March.

At the same time, the main economic indicators of key associated enterprises of China Machine Tool Industry Association also rebounded significantly month on month, and the year-on-year decline was significantly narrower than that from January to March. This indicates that the overall operation of the domestic machine tool industry is recovering and improving.

The China Machine Tool Industry Association said that from January to April, the manufacturing investment fell year-on-year, and the decline was narrower than that of the previous month. The investment in the automobile manufacturing industry, which is closely related to the machine tool industry, decreased year-on-year, narrowed compared with the previous month, and the automobile production and sales showed a restorative growth. The recent national policies and measures to promote automobile consumption are of great strength, which deserves attention. Enterprises are optimistic about the recovery of market demand in the future.

China Machine Tool Industry Association also said that the current domestic economic life is on the right track. However, the epidemic situation abroad has not been effectively controlled, which still has a great negative impact on foreign trade and international cooperation. On the whole, uncertainties at home and abroad have increased, and downward pressure on the economy has increased. It is hoped that industrial enterprises can make full use of the supporting policies, overcome difficulties, turn crises into opportunities, and maintain the stable operation of enterprises.

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