The latest data of China Machine Tool Industry Association shows that Shanghai and other places are still in strict control of the epidemic in May and the impact of the epidemic is still srious. From January to May 2022 , the operating income of China machine tool industry association’s key contact enterprises increased 0.4% , down 3.8 percent from January to April, compared with last year. Total profits of key affiliated enterprises rose 29.5 percent year on year, down 12.8 percent from January to April. New Orders for metal-working machines fell 4.1 per cent year-on-year, deepening 2.3 percent from January to April, while orders on hand rose 2.5 per cent year-on-year, falling 1.0 percent from January to April. In May, monthly revenue fell 12.9 per cent year-on-year and 12.6 per cent month-on-month, deepening 7.5 and 5.6 percentage points from April, respectively. In May total monthly profits rose 1.6 per cent year-on-year and 4.1 per cent month-on-month after falling in April. New Orders in May were down 17.1 per cent year on year and 21.1 per cent month on month. According to Chinese customs data, between January and May 2022, imports of machine tools totaled us $5.19 billion, down 9.0 percent year-on-year, while exports totaled $8.11 billion, up 12.7 percent year-on-year. Since the beginning of June, the epidemic situation in Shanghai and Beijing has been brought under control, Social production and life have resumed rapidly, and machine tool enterprises have basically resumed normal operation. IF the domestic epidemic does not rebound, the machine tool industry will soon return to normal growth track.
Post time: Jul-22-2022