According to the information released by the China Machine Tool Industry Association on October 10, due to the impact of the macro economy, new orders for the machine tool industry showed a downward trend in the third quarter, and the market outlook has become the mainstream mentality of machine tool companies.

Recently, the association conducted research on more than 60 companies in the industry. Most companies report that market demand information has decreased; orders for low-grade products have fallen sharply; orders for heavy-duty and large-scale machine tools have significantly declined, with large-scale machine tools being particularly prominent. Some companies also report that users have not been eager to pick up orders for completed orders, and even explicitly requested delays in delivery.