CCTV News: The "CCTV Finance Excavator Index" created by CCTV Finance released its first quarter data on April 16. Excavators are the "standard configuration" of infrastructure construction and are the weather vane for reflecting and observing economic changes such as fixed asset investment. Data from the first quarter of the "CCTV Financial Excavator Index" shows that my country's various infrastructure construction accelerated in the first quarter of this year, showing a new and positive start.
The "CCTV Financial Excavator Index" shows that in the first quarter, the national average operating rate of construction machinery was 44.67%, an increase of 1.62% year-on-year, laying a good foundation for achieving the "good start" of the first quarter and achieving the annual economic growth target.
From the provinces' perspective, the average operating rate of 12 provinces in the first quarter exceeded 50%. The operating rate in nine provinces including Ningxia, Gansu and Xinjiang has maintained a growth trend for three consecutive months.
From the specific equipment, in the first quarter, lifting equipment performed the most outstandingly among major equipment, with the average operating rate in the first quarter being 66.28%, and in March, the operating rate of lifting equipment was 72.53%, ranking first in the country in all major equipment. Lifting equipment is often used in large-scale equipment installation, structural lifting and other links. Its high operating rate indicates that the beginning of 2025 will accelerate the end of infrastructure projects in many places.
