China’s excavator makers report drastic sales surge

BEIJING (XINHUA) – China’s 26 leading excavator makers sold a total of 28,305 excavators in February, surging 205 per cent year-on-year, data from the China Construction Machinery Association showed.

A total of 24,562 excavators were sold in the domestic market, jumping 256 per cent year on year, while exports of the equipment rose 57.9 per cent to 3,743.

In the first two months, total sales amounted to 47,906 units, up 149 per cent from the same period last year.

Sales of digging machines are an important indicator of the vitality of an economy as demand is usually backed by growth in mining and infrastructure development.