Wednesday, October 30, 2013
Construction Machinery Shipments Rise 2nd Straight Month
TOKYO (NQN)--Shipments of construction machinery rose 11.2% on the year in September to 224.1 billion yen, marking the second straight month of expansion, the Japan Construction Equipment Manufacturers Association reported Wednesday.
Shipments to domestic clients jumped 30.8% to 112.9 billion yen, rising for the 30th consecutive month thanks to strong reconstruction demand in areas hit by the March 11 earthquake of 2011. Shipments of hydraulic shovels climbed 47.2% and those of tractors rose 41.5%.
Shipments to overseas clients dropped 3.5% to 111.1 billion yen, for the 16th straight month of decline. However, the pace of decline slowed from the 5% slide in August and the 14.5% drop in July thanks to recovering demand in China. Shipments to China increased 20.7%, for the first rise in 25 months. Shipments to Europe are also picking up.