Green shoots in China? Excavator sales grew 15% in October ...Middle East

China-based Construction Machinery and Equipment (CME) with the data from earlier this week. In October China's excavator sales are estimated to have reached 16,791 units:that's +15.1% y/yMore notably, excavator sales in the Chinese domestic market are estimated at 8,266 units+21.6% y/y Excavator sales to the export market +9.46% y/y For the January-October 2024 period this year, China's excavator sales are estimated to have increased by 0.47 percent year on yeardomestic market +9.8% y/yexport market -7.41% y/y Is this a sign of green shoots for the economy in China? There has been plenty of stimulus announcements, that the market has been disappointed with. But, are thye having an impact?

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