📈Economic move notified by bulldozer – Komatsu’s operational data, statistics and correlation
Komatsu which occupies the world’s second largest share of construction machinery announces the data of “KOMTRAX (ComTracks)” showing the operation status of construction machines around 10th of every month and gives hints to investors before opening major economic indicators .
The correlation with the industrial production index released after 2 or 3 weeks of ComTrax (after March 2015) is almost synchronized with 0.76, and the same tendency is seen in China’s Manufacturing Purchasing Officer Index (PMI) Be looked at. According to Komatsu, the construction equipment to be installed as of the end of August is approximately 470,000 units worldwide. The breakdown is 140 thousand in Japan, 110 thousand in China, 50 thousand in Europe and 70 thousand in North America.
https://home.komatsu/jp/ir/demand-orders/__icsFiles/afieldfile/2017/09/11/201708komtrax_j_1.pdf