Analysis on the operation of foreign equipment man

Analysis on the operation of foreign equipment manufacturing industry in the first half of this year

in the first half of 2010, the global economy continued to recover. From the situation of new machinery orders in Germany, the United States, Japan, the euro zone and the European Union, although the month on month and year-on-year growth rate fluctuated from January to June, they all showed an overall upward trend, indicating that the manufacturing industry is recovering and enterprise investment activities are increasing. The recovery of economic growth and the extremely low number of orders in 2009 are the main reasons for the growth of this data

Germany

1. machinery orders continued to grow year-on-year

the latest statistical data released by the German machinery and Equipment Manufacturers Association (VDMA) showed that in the first half of 2010, orders in the German machinery and equipment industry increased by 32% year-on-year, 5 percentage points faster than that from February to April; In June, German machinery and equipment orders actually increased by 62% year-on-year, 1 percentage point faster than that in May. The order volume has been increasing since April, with a year-on-year increase of 53% from April to June

the order growth is so significant, on the one hand, because the German machinery and equipment manufacturing industry was affected by the global economic crisis in 2009, the base is low, but more importantly, in the first half of 2010, the German economy was full of vitality, and the business environment of the machinery manufacturing industry was significantly improved

2. Domestic demand has gradually rebounded, and the industry is expected to develop better

in the first quarter of 2010, the growth rate of export orders of German machinery and equipment manufacturing industry was slightly higher than that of domestic orders, but with the passage of time, the proportion of domestic orders began to increase gradually. In June, domestic machinery orders increased by 67% year-on-year, and foreign orders increased by 60% year-on-year. In the first half of the year, the growth rates of domestic and foreign markets were 27% and 34% respectively

3. The output of machine tools has increased positively for the first time in 15 months

although the total output of machine tools in Germany in the first five months of 2010 has not yet reached the level of 2009, there was the first positive growth in May since 15 months, and the order volume of machine tools increased by more than 25% year-on-year. Among them, the growth trend of overseas market demand is particularly strong. VDMA predicts that the export of German machine tools will increase by 3% year-on-year in 2010

4. The boom of rubber and plastic machinery industry has improved.

Germany continues to rank first in the global rubber and plastic machinery export countries and regions. In the first half of 2010, the demand of almost all markets rose sharply. Thorstenk hmann, managing director of the rubber and plastic machinery branch under VDMA, said that the development trend of the rubber and plastic machinery market was better than expected at the beginning of the year, and the members of the association were optimistic about the prospects of orders in the second half of the year

United States

1. The month on month growth rate of mechanical equipment orders continued to rise

in May 2010, new orders and shipments of mechanical equipment in the United States rebounded again after a decline in April. Among them, new orders increased by 5.6% month on month, and shipments increased by 3.2% month on month. In February, the month on month growth rate of new orders and shipments of mechanical equipment in the United States changed from negative to positive

2. The export of mechanical products increased by 18% year-on-year

in the first half of 2010, the export volume of mechanical equipment products (hs84) in the United States was US $87.54 billion, an increase of 18.0% year-on-year, 6.7 percentage points faster than that in the first quarter; Among them, the export volume in June was US $15.47 billion, with a year-on-year increase of 24.2%

machinery and equipment still ranked first in U.S. exports in the first half of the year, accounting for 14.3% of total exports

3. China is the largest import source of mechanical and electrical products in the United States and the third largest export destination

in the first half of 2010, imports of mechanical and electrical products (HS) from China amounted to US $77.075 billion, an increase of 29.7% year-on-year, accounting for 33.1%, and it is the largest source of imports of mechanical and electrical products in the United States

in the first half of 2010, the export volume of mechanical and electrical products from the United States to China was US $10.903 billion, with a year-on-year increase of 30.7%, accounting for 6.8%. It is the third largest export destination, behind Canada and Mexico

4. Construction machinery giant caterpillar's profit soared in the second quarter

although it was severely hit by the financial crisis and the U.S. construction machinery market also experienced a certain degree of recession, it is still the largest production and market of construction machinery in the world

according to the financial report recently released by caterpillar, an American construction machinery giant, in the second quarter of 2010, the company's net profit soared by 91% to $707million, or $1.09 per share. The total revenue in the quarter was $10.4 billion, an increase of 31% year-on-year; The sales of its machinery increased by 55%, of which the North American market increased by 43%, and the sales in Latin America market more than doubled. Caterpillar once again raised its annual profit target. It is expected that the total revenue in 2010 will be between 39 billion and 42 billion dollars, and the annual earnings per share will remain between 3.15 and 3.85 dollars, much higher than the previously expected 2.50 to 3.25 dollars. As orders exceed shipping capacity, caterpillar will increase production capacity in the second half of the year and take a positive attitude towards the long-term prospects of the industries it serves, such as mining, energy, infrastructure, power and railway

Japan

1. Japan's core machinery orders rebounded again in June

the latest data released by the Japanese Cabinet Office 1 some domestic enterprises have begun to gradually master their own intellectual property rights and gradually gain competition in some fields; However, after adjusting for seasonal factors, core machinery orders increased by 1.6% in June compared with may, rebounding again after two months, with a decline of 9.1% in May. Compared with the same period in 2009, machinery orders in June fell by 2.2%. Relevant data show that the rebound rate of corporate spending will slow down. In the second quarter of 2010, Japan's core machinery orders increased by 0.3% compared with the previous quarter, which is the third consecutive quarterly growth of this index. The Japanese government's assessment of machinery orders holds that such distortion is not allowed, and believes that the industry is showing signs of recovery. It is expected that machinery orders in the third quarter will increase by 0.8% over the second quarter

2. The year-on-year growth rate of Japanese construction machinery shipments accelerated month by month

according to the statistics of the Japan construction equipment manufacturers association, the year-on-year growth rate of Japanese construction machinery shipments picked up month by month in the first half of 2010, with monthly year-on-year growth rates from January to June of 15.7%, 31.4%, 45.3%, 64.5%, 73.7% and 87% respectively

from January to June, the total shipment of construction machinery in Japan was 818.925 billion yen, an increase of 50% year-on-year. Among them, foreign shipments accounted for 73.5%, an increase of 84.8% year-on-year; Domestic shipments accounted for 26.5%, down 1.5% year-on-year

Komatsu, the world's second largest construction machinery manufacturer, released financial reports that in the first fiscal quarter of 2010 (April June), the company's net profit increased 6.4 times year-on-year, reaching 30.6 billion yen; Sales profit increased 6.5 times to 54billion yen; The operating profit margin is 12.1%. In addition, Komatsu plans to double its production in 2010 to meet the market demand of Asian countries such as China and Indonesia

Europe

1. Orders for capital goods such as machinery and equipment in the euro zone increased the most month on month in June

after the outbreak of the financial crisis, industrial orders in the euro zone and the European Union once plummeted, but since the beginning of 2009, they have generally rebounded

as the economic growth rate of the euro zone in the second quarter of 2010 hit the highest level in four years, the growth rate of industrial orders in the euro zone (ea16) in June exceeded economists' expectations, indicating that the recovery momentum of industrial production in the euro zone will continue in the coming months

in June 2010, the industrial orders of 16 countries in the euro zone increased by 2.5% compared with the previous month, and the month on month increase was 4.1% after correction in May; Compared with the same period last year, the growth rate in June was 22.6%, and that in May was 23%

compared with may, orders for machinery and equipment and other capital goods in the euro zone increased the most in June, with an increase of 5.3%; Orders for intermediate products such as automobile engines increased by 0.1%; Durable and non durable consumer goods orders fell by 1.1% and 1.8% respectively

since January 2010, the year-on-year growth rate of capital goods orders such as machinery and equipment in the euro zone has rebounded month by month. Orders for machine equipment, machining equipment and other capital goods in the euro zone increased by 22.7% year-on-year in June and 20.9% in May

in June 2010, the orders of machinery and equipment and other capital goods in the 27 European Union (EU27) increased by 5.1% month on month and 23.8% year on year; In May, it increased by 4.7% month on month, with a year-on-year increase of 16.1%

2. The production of capital goods such as machinery and equipment in the euro area continued to grow

according to the data released by the European Statistical Office, in June 2010, industrial production in the euro area fell by 0.1% month on month, with a year-on-year increase of 8.2%. By industry, compared with May 2010, only capital goods and energy production in industrial production in the euro area increased, while other sectors showed a decline in the degree of importance of their reliability and stability. Among them, the production of machinery and equipment and other capital goods increased by 0.2%, and the production of energy increased by 0.3%; The production of durable consumer goods decreased by 0.9%, the production of intermediate products such as engines and steel decreased by 0.6%, and the production of non durable consumer goods decreased by 0.1%