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In the first two months, the accumulated fixed asset investment in urban areas reached RMB 1.30 trillion, a year-on-year increase of 26.6%, of which real estate fixed assets investment increased by 31.1% year-on-year. From the perspective of the whole year, due to the high base in 2010, this year's fixed assets investment The growth rate will decrease, and the annual forecast is about 21%. We believe that the high fixed asset investment for two consecutive years will drive the demand of the machinery industry in a long period of time, and the improvement of the real economy will further push the demand of the machinery industry to pick up. ;
From the perspective of product structure, the current recovery process is different. The sales volume of construction machinery main products still maintains a relatively fast growth rate. The cumulative sales volume of excavators in the first two months increased by 55.5%, the cumulative increase of bulldozers in the first two months was 43.1%, and the cumulative growth rate of loaders was 36.1. %, the sales volume of pump trucks in concrete machinery increased by 83% in the first two months; in February, the metal cutting machine tool in machine tool industry increased by 18.26% in February, and that of metal forming machine tools was 37.22%, of which CNC metal cutting machine tools increased by 43.24%; Sales are expected to maintain high growth rate of construction machinery, and the aerospace military industry that has benefited from industrial upgrading for a long time, as well as companies with significant performance improvement in the context of economic recovery.
With the recovery of the overall economy, the overall prosperity of the machinery industry has also rebounded. The manufacturing PMI index has been running above 50 since March last year. In December 2009, the PMI new orders index for general equipment and special equipment manufacturing reached 59.7 respectively. And 63.3, showing that the machinery industry has entered a slow recovery channel, the PPI index also shows that the ex-factory price of industrial products has also steadily increased, and the PPI index of general equipment manufacturing and special equipment manufacturing has rebounded from the lowest 97.0 and 98.8 in August last year to February. 98.9 and 99.9, with the rise of the PPI index, corporate performance is expected to enter a recovery trend;