机械设备行业周报：CME预测8月挖掘机国内销量+17%，市场正加速回暖

Investment Rating - The report maintains a "Recommended" investment rating for the machinery equipment industry [1]. Core Viewpoints - The machinery equipment index rose by 2.4% last week, ranking 13th among 31 primary industries, with positive returns across most sub-industries except for rail transit equipment. The industry is expected to focus on new productive forces and large-scale equipment updates throughout the year, with recommendations to pay attention to sectors such as CNC machine tools, semiconductor equipment, rail transit equipment, elevators, and agricultural machinery. The overall machinery equipment index remains low, indicating structural investment opportunities within the industry [1][2]. Summary by Sections Market Performance - From August 26 to August 30, 2024, the machinery equipment industry increased by 2.4%, with automation equipment leading at +5.03% and rail transit equipment declining by -8.71%. The top five gainers included Yijiahe (+33.40%) and Ning Shui Group (+20.71%) [9][10]. Key Industry Data - As of July 2024, the manufacturing PMI was 49.1%, with a year-on-year decrease of 0.6 percentage points. Fixed asset investment increased by 3.6% year-on-year, with manufacturing investment up by 9.3% [12][13]. Industry News - The Ministry of Housing and Urban-Rural Development issued a notice to update and eliminate construction machinery over ten years old, focusing on high-pollution and outdated equipment [29][30]. - The State Council approved five nuclear power projects, totaling 11 units, indicating a stable development trend in the nuclear power sector [2][30]. - The report highlights the ongoing recovery in the domestic excavator market, with August sales expected to reach around 6,600 units, a year-on-year increase of nearly 17% [1][31].