Construction machinery industry may warm up in mid-August

Under the pressure of inflation, the demand for investment products and the improvement of profitability trend may be minimal. As a result, construction machinery has no way to attack and return to defense. It is expected that construction machinery will rebound in mid-August.

In view of the fact that the degree of economic prosperity is still relatively high and the absolute level of prices is relatively high, there is basically no room for relaxation in the coming months. Looking forward to August, although the short-term funding situation has eased somewhat, inflation expectations are once again rising. It is expected that the construction machinery is expected to rebound. The slowdown in tightening efforts since mid-June is likely to increase again. In this environment, there will be no trend improvement in the demand for mechanical products as investment products.

Foreign countries: The recovery is staggering, and the outlook is not optimistic. As the debt problem in Europe and the United States is getting worse, the economic downturn is expected to become stronger. However, due to the expected launch of QE3 and weaker US dollar, inflation expectations are still strong. The core US CPI is close to the critical level, and the United States and European countries will face increasingly serious stagflation. It is expected that China's mechanical product exports will continue to maintain its slow downward trend.

It is expected that the performance of three sub-sectors of construction machinery, railway equipment, and other special-purpose machinery in construction machinery in the middle of August is expected to be inconsistent with the previous forecast. The performance of railway equipment in the machinery sub-sector was attributable to the rear-end collision incident in late July. The differences in the performance of construction machinery and other special-purpose machinery mainly come from differences in the investment styles of the market and small and medium-sized engines. It is expected that after the engineering machinery is expected to rebound in mid-August, the performance of the two sub-sectors will reconfirm our previous expectations.