In the first seven months of this year, the machinery industry completed a total industrial output value of 564.968 billion yuan, an increase of 8.31% year-on-year, a deceleration of 20.52 percentage points from the same period of last year and an increase of 1.03 percentage points from the previous month. The entire industry also achieved a sales value of 552.395 billion yuan, year-on-year. The growth rate was 8.04%. The growth rate was 21.42 percentage points lower than the same period of last year and was 1.25 percentage points higher than the previous month. Looking at the year-on-year growth rate of total output value and sales output, the growth rate of production and sales in July was still at a relatively high level compared to the first half of the year, which was a year-on-year increase of 14.40% and 14.77% respectively, and the growth rate was 2.75 and 3.03 percentage points higher than that in June respectively. For the first time, sales output increased by more than 3%.
It is understood that the first seven months of the whole industry machinery product sales rate of 97.17%, compared with the previous year (97.41%) decreased by 0.24 percentage points; also lower than the national industrial product sales rate (97.34%) 0.17 percentage points.

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