Railway investment outshines the four quarter is expected to higher level
Macro economic data. Chinas manufacturing PMI index value of September was 51.1%, unchanged from the previous month. In August, the industrial added value growth rate than in July fell sharply by 2.1 percentage points to 6.9%, the cumulative growth of 8.5%.
In 2014 September the sub sector gains were larger in September, Shen million machinery industry index to maintain prices, rose 14.4%.
The engineering machinery, High-speed Rail, robot and 3D printing plate rise respectively 11.71%, 13.59%, 14.15 and 21.73%, are run to win the market benchmark.
Macro economic data. Chinas manufacturing PMI index value of September was 51.1%, unchanged from the previous month. In August, the industrial added value growth rate than in July fell sharply by 2.1 percentage points to 6.9%, the cumulative growth of 8.5%, annulus comparing fell 0.3 percentage points, which causes the year-on-year base high, there are factors of the investment decline; in August the national fixed asset amount to 4629400000000 yuan, grow 13.3% compared to the same period, the growth rate fell 2.3 percentage points; 1-8 month, the amount of fixed assets totaled 30578600000000 yuan, accumulated year-on-year growth of 16.5%, the cumulative growth rate down 0.5 percentage points qoq. In August the machinery industry completed investment in fixed assets 383800000000 yuan, grow 11.9% compared to the same period. 8 months ago, the amount of up to 2666200000000 yuan, the cumulative growth of 17.4%, year-on-year and chain were increased by 1.3 and 0.9 percentage point decline.
Engineering machinery sales overall doldrums. Excavator, in August the oversupply situation intensifies, sales fell 27.8%, 8 months before the cumulative formation inventory 35800; August concrete machinery production fell 8%, 1-8 month accumulative total yield is 13 year fell slightly to 0.3%; crane output in August year-on-year growth of 13%, the cumulative increase in machine tool production growth rate of 11%; 4.4%.
High iron industry investment growth is accelerating. This year 1-8 month national railway completed investment in fixed assets totaled 370236000000 yuan, accumulated year-on-year growth of 18.18%, than the 1-6 month 8.92% rise sharply.
The national railway infrastructure construction completed investment in fixed assets totaled 298413000000 yuan, accumulated year-on-year growth of 7.50%, than the 1-6 month 6.77% rebound.
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