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Compared with the national industry, the price of the machinery industry is relatively stable. Since the middle of 2012, the price of the machinery industry has fallen less than the national industry year-on-year. From January to August this year, the accumulated price of machinery industry was down 3.69 percentage points lower than the national industry.
The number of products whose cumulative price of machinery industry products decreased year-on-year showed an upward trend. From January to August, of the 142 major machinery products in the statistics, there were 99 products with a year-on-year decrease in cumulative prices, which accounted for 67.61% of the total, 3 more than last month and 18 more than the same period of last year; The number of products that rose was reduced to 40, which is 21 less than the same period of last year.
In terms of sub-sectors, the agricultural machinery industry: The cumulative prices of most products have fallen year-on-year, and only a few products such as rice milling machines and harvesting machines have increased in price year-on-year.
Construction machinery industry: The prices of major products have fallen year-on-year, such as excavating shovels for soil transportation machinery, compaction machinery, and cement-specific equipment.
The petrochemical general machinery industry: The prices of most products such as valves, pumps, compressors, tower equipment, oil production equipment, and oil drilling equipment fell year-on-year; the prices of a few products such as blowers, ventilators, and prepress equipment rose year-on-year.
Heavy mining industry: The prices of metal rolling equipment, conveying machinery, well construction equipment, and mining rock drilling equipment decreased year-on-year; the prices of loading and unloading machinery, metal smelting equipment, cranes, and mine lifting equipment increased slightly year-on-year.
Machine Tool Industry: The prices of most common machine tools have fallen year-on-year, while the prices of CNC machine tools have mostly increased year-on-year.
Electrician industry: The prices of most products have fallen year-on-year, and only a few products such as generator sets, switches and transformers have risen slightly year-on-year.
Automotive industry: The price of passenger cars and light buses decreased year-on-year, while the prices of large and medium-sized passenger cars and trucks rose year-on-year.
Basic parts industry: The vast majority of product prices fell year-on-year, such as bearings, gears, hydraulic components, springs, and fasteners.
In addition, the prices of most products of the instrumentation industry, cultural office equipment industry, internal combustion engine industry, and castings and forgings also declined year-on-year.
In August, the price of machinery and industrial products decreased by 1.17% year-on-year
Since the beginning of this year, the prices of machinery products have continued to decline year-on-year. In the first eight months, the cumulative price of machinery industry products fell by 1.17% year-on-year, a deceleration of 0.05% from January to July, and the accumulated price of the machinery industry had dropped for the last 44 months. In August, the price of machinery products fell by 1.57% year-on-year, a decrease of 0.21 percentage points from the previous month, and the month-on-month decrease of 0.24% in August.