Machine industry investment up to policy impact

Machine industry investment up to policy impact

Machine industry is a cycle of investment goods, subject to the impact of macroeconomic volatility, 2011 in the context of China's tightening of monetary compression investment, the growth rate of the machine tool industry significant decline, the prospects for the development of the industry is more pessimistic, and thus the stock appeared adjustments. Recently, China's monetary policy adjustments are expected to increasingly strong, which may certainly look forward to the prospect of the industry is full of, hence the expected correction.
The launch of the intensity of the relevant policies is an important catalyst for future industry. Machine tool industry is a strong cyclical industries, and is sensitive to the macro monetary policy, fiscal policy; therefore, monetary policy, fiscal policy launched efforts to significantly affect the trend of the machine tool industry, has also become an important catalyst for the industry, we will pay close attention to the relevant policies .
However, industry leading indicators of money supply perspective, there have been stabilized rebound based on historical experience, the money supply indicators M1 usually leading industry 3-6 months, so we expect the growth rate of the machine tool industry will be bottomed out in July -10, The specific time depends mainly on the follow-up to monetary policy and fiscal policy and the introduction of time.
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