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According to statistics from the National Bureau of Statistics, from January to October 2020, the operating income of enterprises above designated size in the machine tool industry decreased by 3.4% year-on-year, and the decline was 1.0 percentage point less than that from January to September; the total realized profit increased by 13.4% year-on-year, an increase of 1. 5.4% expansion in September.
The operating income of key enterprises of China Machine Tool Industry Association from January to October resumed positive growth for the first time during the year. Total profits continued to grow rapidly, but the growth rate of orders for metal processing machine tools slowed slightly. The operating income of the machine tool industry increased by 0.2% year-on-year, with a year-on-year decrease of 3.3% from January to September; the growth rate of total profit increased by 25.0% year-on-year, an increase of 13.3 percentage points from January to September.
On the whole, with the gradual effectiveness of various policies and measures and the gradual recovery of market demand, the overall operation of the machine tool industry in October continued the rapid recovery since the previous quarter. However, the overseas epidemic is still very serious, there have been two outbreaks in Europe and America, the international situation is severe and complicated, and investment in related fields of the industry is still relatively weak. Therefore, the operation of the industry is still facing certain pressure. It is hoped that enterprises in the industry will make full use of various policies, actively tap the market potential, and continue to consolidate and expand the trend for good.
