According to statistics, from January to September, aggregated industrial added value of the machinery industry increased by 8.6 percent year on year, 1.3 percentage points lower than the average national industrial growth rate; the ranking of the growth of the increased value of the machinery industry among the 12 industries fell to the 10th place. Total industrial output from January to October was RMB 14.9 trillion Yuan, an increase of 11.91 percent year on year, the second lowest in the past 10 years, 13 percentage points lower than the growth in 2011.
Cai Weici said that the current slowdown of the machinery industry is an adjustment against the background of the change of economy development goal from quantity to quality. From this perspective, the overall and upgrading trend of machinery enterprises has been satisfying this year, the market "reversed pressure" mechanism is yielding expected results.
According to statistics from China Machinery Industry Federation, the decline of total industrial output value has decelerated, the situation is stabilizing, overall production/sales ratio has gone up slightly, some leading indicators have shown signs of positive change, growth of inventory and products and finished products capital use has slowed down year on year, and price index has shown signs of stabilizing. Besides, growth of auto mobile sales and production, which is of the greatest weight in the total volume of the machinery industry, has begun to climb month by month.
In the meantime, it is also reflected in the total order volume of the machinery industry's key enterprises in contact: total order volume from January to July decreased by 5.55 percent year on year, and that from January to August and from January to September was down by 0.33 percent and 0.35 percent respectively. The decrease has narrowed significantly, indicating that orders are beginning to go back up.
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