Thanks E. Yep it’s a very strong lead indicator for infrastructure.
“Excavator sales from the country’s 25 leading excavator manufacturers rose 21.7% last month from a year earlier, according to the China Construction Machinery Association, almost twice as fast as October’s 11.5% increase. Heavy trucks sales were up 13.8% during the same period, about the same pace seen in October, the China Association of Automobile Manufacturers said.”
https://www.google.com.au/amp/s/www...xcavator-sales-may-indicate-construction-boom
Iron ore price, page-18133
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