National Machinery Industry Production and Operation Quick Report, Jan-Sept 2012

Statistics show that from January to September 2012, the economic operation speed of China's machinery industry showed a warming trend year-on-year. In September, the cumulative year-on-year growth rate of total industrial output value was 11.93%; the cumulative year-on-year growth rate of industrial sales output value was 11.45%, and the cumulative year-on-year growth rate of export delivery value was 4.18%. I. Overall decline in year-on-year growth rate of production and sales From January to September 2012, the entire machinery industry completed a total industrial output value of 13338.019 billion yuan, a year-on-year increase of 11.93%; and achieved an industrial sales output value of 13001.602 billion yuan, a year-on-year increase of 11.45%. The production-sales ratio from January to September was 97.47%. From January to September, the year-on-year growth rate of industrial sales output value showed an overall downward trend. The year-on-year growth rate of production and sales in industries such as internal combustion engines, engineering machinery, machine tools, food packaging, and other civilian uses still declined significantly; among them, the internal combustion engine industry declined from positive growth to negative growth of -2.73%, a year-on-year decrease of 27.52 percentage points; the growth rate of engineering machinery and other civilian industries decreased by 32.8 and 30.61 percentage points respectively. II. Continued year-on-year decline in the growth rate of export delivery value From January to September 2012, the national machinery industry achieved an export delivery value of 1332.592 billion yuan, a year-on-year increase of 4.18%, a decrease of 21.01 percentage points compared with the same period last year. From the perspective of sub-sectors, except for a slight increase in the growth rate of agricultural machinery and heavy mining machinery industries, the growth rate of other sub-sectors has declined to varying degrees; among them, the decline in the growth rate of engineering machinery, food packaging, and other civilian industries was significant, with year-on-year decreases of 43.25, 59.14, and 57.28 percentage points respectively. III. Year-on-year increase in the output of major products From January to September 2012, among the 120 major products in the machinery industry, there were 4 categories with an increase of more than 100%: corn harvesting machinery (102.23%), hydrocracker for petrochemical use (108.21%), gas turbine (143.58%), and automobiles with displacement of 2.5 liters ≤ 3.0 liters (252.29%); among them, the output growth rate of feed production equipment and current transformers declined sharply, with year-on-year decreases of 55.96 and 72.63 percentage points respectively. From the perspective of some key products, from January to September: The output of optical instruments exceeded 2.3 million units; The output of metal seals exceeded 70 million pieces; The output of mining equipment exceeded 560,000 tons.