Domestic sales of digging machines fell by 40% in April compared with the same period last year. Industry forecast: Q2 decline narrowed industry cycle inflection point next year

[domestic sales of excavators fell by 40% in April compared with the same period last year: Q2 decline narrowed the inflection point of the industry cycle next year] Financial Associated Press, May 11, the peak season is not prosperous, and domestic sales of excavators fell 40.7% in April compared with the same period last year. In this regard, some people from the industry chain told the Financial Associated Press that the operating rate of small and medium-sized projects related to infrastructure was lower than expected, the traditional equipment related to real estate was still in the doldrums, and the sales of new machines lagged behind the start of construction. People related to Xugong machinery believe that the decline of Q2 excavators is expected to narrow, the overall decline of the industry is expected to be between 5% and 10% this year, and the upward inflection point of the industry cycle will be around the middle of 2024. (financial Associated Press reporter Huang Lu)