三個皮匠報告
政策庫
new
付費
搜索

圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況-行業數據

圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況
綜上，我們認為工業產能利用率以及企業中長期貸款更適合通用設備的長周期分析與研究，同時可與庫存走勢結合，尋找向上拐點，而產量、價格、制造業 PMI更適合周期中去觀察景氣高點，另外對于產量和出口的判斷可用于進一步分析復蘇強度。
行業數據 下載Excel 下載圖片 原圖定位
圖片屬性
圖片格式：PNG 圖片大?。?10KB 圖片尺寸：2362*1056
同報告圖片
 / 65
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第1頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第2頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第3頁
fCDml6XmnJ8gfCDkuK3lm73liLbpgKDkuJpQTUkgfCDpgJrnlKjliLbpgKDkuJrokKXkuJrmlLblhaUgfCDkuK3lm73kuqfph48gfCDop4TmqKHku6XkuIrlt6XkuJrkvIHkuJrvvJrkuqfmiJDlk4HlrZjotKcgfCDpgJrnlKjliLbpgKDkuJrliKnmtqbmgLvpop0gfCDkuK3lm71QUEkgfAp8LS0tLS0tfC0tLS0tLS0tLS0tLS0tLS18LS0tLS0tLS0tLS0tLS0tLS0tLXwtLS0tLS0tLS18LS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS18LS0tLS0tLS0tLS0tLS0tLS0tLXwtLS0tLS0tLS18CnwgMjAxMeW5tDjmnIggfCA1MC4wICAgICAgICAgICB8IDIwLjAgICAgICAgICAgICAgIHwgMjAuMCAgICB8IDIwLjAgICAgICAgICAgICAgICAgICAgICAgICB8IDIwLjAgICAgICAgICAgICAgIHwgMjAuMCAgICB8CnwgMjAxMuW5tDjmnIggfCA1MC4wICAgICAgICAgICB8IDEwLjAgICAgICAgICAgICAgIHwgMTAuMCAgICB8IDEwLjAgICAgICAgICAgICAgICAgICAgICAgICB8IDEwLjAgICAgICAgICAgICAgIHwgMTAuMCAgICB8CnwgMjAxM+W5tDjmnIggfCA1MC4wICAgICAgICAgICB8IDEwLjAgICAgICAgICAgICAgIHwgMTAuMCAgICB8IDEwLjAgICAgICAgICAgICAgICAgICAgICAgICB8IDEwLjAgICAgICAgICAgICAgIHwgMTAuMCAgICB8CnwgMjAxNOW5tDjmnIggfCA1MC4wICAgICAgICAgICB8IDEwLjAgICAgICAgICAgICAgIHwgMTAuMCAgICB8IDEwLjAgICAgICAgICAgICAgICAgICAgICAgICB8IDEwLjAgICAgICAgICAgICAgIHwgMTAuMCAgICB8CnwgMjAxNeW5tDjmnIggfCA1MC4wICAgICAgICAgICB8IDAuMCAgICAgICAgICAgICAgIHwgMC4wICAgICB8IDAuMCAgICAgICAgICAgICAgICAgICAgICAgICB8IDAuMCAgICAgICAgICAgICAgIHwgMC4wICAgICB8CnwgMjAxNuW5tDjmnIggfCA1MC4wICAgICAgICAgICB8IDAuMCAgICAgICAgICAgICAgIHwgMC4wICAgICB8IDAuMCAgICAgICAgICAgICAgICAgICAgICAgICB8IDAuMCAgICAgICAgICAgICAgIHwgMC4wICAgICB8CgrotYTmlpnmnaXmupDvvJp3aW5k44CB6LSi6YCa6K+B5Yi456CU56m25omA
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第4頁
fCDml7bpl7QgICAgICAgfCDkuK3lm73lh7rlj6PkuqTotKflgLzpgJrnlKjorr7lpIfliLbpgKDkuJrntK/orqHlkIzmr5TvvIjkurrmsJHluIHorqHvvIwl77yJIHwg5Lit5Zu95Ye65Y+j6YeR6aKd57Sv6K6h5ZCM5q+U77yI576O5YWD6K6h77yMJe+8iSB8CnwtLS0tLS0tLS0tLS18LS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tfC0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tfAp8IDIwMTItMDEgICAgfCAwLjAwICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgIHwgMC4wMCAgICAgICAgICAgICAgICAgICAgICAgIHwKfCAyMDEyLTA0ICAgIHwgMTAuMDAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICB8IDEwLjAwICAgICAgICAgICAgICAgICAgICAgICB8CnwgMjAxMi0wNyAgICB8IDUuMDAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgfCA1LjAwICAgICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMTItMTAgICAgfCAwLjAwICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgIHwgMC4wMCAgICAgICAgICAgICAgICAgICAgICAgIHwKfCAyMDEzLTAxICAgIHwgMjAuMDAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICB8IDIwLjAwICAgICAgICAgICAgICAgICAgICAgICB8CnwgMjAxMy0wNCAgICB8IDE1LjAwICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgfCAxNS4wMCAgICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMTMtMDcgICAgfCAxMC4wMCAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgIHwgMTAuMDAgICAgICAgICAgICAgICAgICAgICAgIHwKfCAyMDEzLTEwICAgIHwgNS4wMCAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICB8IDUuMDAgICAgICAgICAgICAgICAgICAgICAgICB8CnwgMjAxNC0wMSAgICB8IDAuMDAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgfCAwLjAwICAgICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMTQtMDQgICAgfCAtNS4wMCAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgIHwgLTUuMDAgICAgICAgICAgICAgICAgICAgICAgIHwKfCAyMDE0LTA3ICAgIHwgMC4wMCAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICB8IDAuMDAgICAgICAgICAgICAgICAgICAgICAgICB8CnwgMjAxNC0xMCAgICB8IDUuMDAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgfCA1LjAwICAgICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMTUtMDEgICAgfCAxMC4wMCAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgIHwgMTAuMDAgICAgICAgICAgICAgICAgICAgICAgIHwKfCAyMDE1LTA0ICAgIHwgNS4wMCAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICB8IDUuMDAgICAgICAgICAgICAgICAgICAgICAgICB8CnwgMjAxNS0wNyAgICB8IDAuMDAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgfCAwLjAwICAgICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMTUtMTAgICAgfCAtNS4wMCAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgIHwgLTUuMDAgICAgICAgICAgICAgICAgICAgICAgIHwKfCAyMDE2LTAxICAgIHwgLTEwLjAwICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICB8IC0xMC4wMCAgICAgICAgICAgICAgICAgICAgICB8CnwgMjAxNi0wNCAgICB8IC0xNS4wMCAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgfCAtMTUuMDAgICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMTYtMDcgICAgfCAtMjAuMDAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgIHwgLTIwLjAwICAgICAgICAgICAgICAgICAgICAgIHwKfCAyMDE2LTEwICAgIHwgLTE1LjAwICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICB8IC0xNS4wMCAgICAgICAgICAgICAgICAgICAgICB8CgrotYTmlpnmnaXmupDvvJp3aW5k44CB6LSi6YCa6K+B5Yi456CU56m25omA
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第5頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第6頁
fCDlubTku70gfCDorqHnrpfmnLrlj4rlhbbku5bnlLXlrZDorr7lpIcgfCDnlLXmsJTmnLrmorDlj4rlmajmnZDliLbpgKDkuJogfCDmsb3ovabliLbpgKDkuJogfCDpnZ7ph5HlsZ7nn7/nianliLblk4HkuJogfAp8LS0tLS0tfC0tLS0tLS0tLS0tLS0tLS0tLS0tLS18LS0tLS0tLS0tLS0tLS0tLS0tLS0tLXwtLS0tLS0tLS0tLS18LS0tLS0tLS0tLS0tLS0tLS0tfAp8IDIwMTEgfCA1LjAwJSAgICAgICAgICAgICAgICB8IDcuNTAlICAgICAgICAgICAgICAgIHwgNi41MCUgICAgICB8IDkuMDAlICAgICAgICAgICAgfAp8IDIwMTIgfCA0LjUwJSAgICAgICAgICAgICAgICB8IDYuNTAlICAgICAgICAgICAgICAgIHwgNi4wMCUgICAgICB8IDguNTAlICAgICAgICAgICAgfAp8IDIwMTMgfCA0LjUwJSAgICAgICAgICAgICAgICB8IDYuMDAlICAgICAgICAgICAgICAgIHwgNi4wMCUgICAgICB8IDguNTAlICAgICAgICAgICAgfAp8IDIwMTQgfCA0LjUwJSAgICAgICAgICAgICAgICB8IDYuMDAlICAgICAgICAgICAgICAgIHwgNS41MCUgICAgICB8IDguNTAlICAgICAgICAgICAgfAp8IDIwMTUgfCA0LjUwJSAgICAgICAgICAgICAgICB8IDYuMDAlICAgICAgICAgICAgICAgIHwgNS41MCUgICAgICB8IDguNTAlICAgICAgICAgICAgfAp8IDIwMTYgfCA1LjAwJSAgICAgICAgICAgICAgICB8IDYuNTAlICAgICAgICAgICAgICAgIHwgNi4wMCUgICAgICB8IDkuMDAlICAgICAgICAgICAgfAp8IDIwMTcgfCA1LjUwJSAgICAgICAgICAgICAgICB8IDcuMDAlICAgICAgICAgICAgICAgIHwgNi41MCUgICAgICB8IDkuNTAlICAgICAgICAgICAgfAoK6LWE5paZ5p2l5rqQ77yad2luZOOAgei0oumAmuivgeWIuOeglOeptuaJgA==
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第7頁
fCDlubTku70gfCDkuK3lm73vvJrplIDph4/vvJrmlrDog73mupDmsb3ovabvvIjovobvvIkgfCDlkIzmr5Tlop7pgJ/vvIgl77yM5Y+z77yJIHwKfC0tLS0tLXwtLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLXwtLS0tLS0tLS0tLS0tLS0tLS18CnwgMjAxMCB8IDAgICAgICAgICAgICAgICAgICAgICAgICAgICB8IDAgICAgICAgICAgICAgICAgfAp8IDIwMTEgfCAwICAgICAgICAgICAgICAgICAgICAgICAgICAgfCAwICAgICAgICAgICAgICAgIHwKfCAyMDEyIHwgMCAgICAgICAgICAgICAgICAgICAgICAgICAgIHwgMCAgICAgICAgICAgICAgICB8CnwgMjAxMyB8IDAgICAgICAgICAgICAgICAgICAgICAgICAgICB8IDAgICAgICAgICAgICAgICAgfAp8IDIwMTQgfCAwICAgICAgICAgICAgICAgICAgICAgICAgICAgfCAwICAgICAgICAgICAgICAgIHwKfCAyMDE1IHwgMCAgICAgICAgICAgICAgICAgICAgICAgICAgIHwgMCAgICAgICAgICAgICAgICB8CnwgMjAxNiB8IDAgICAgICAgICAgICAgICAgICAgICAgICAgICB8IDAgICAgICAgICAgICAgICAgfAp8IDIwMTcgfCAwICAgICAgICAgICAgICAgICAgICAgICAgICAgfCAwICAgICAgICAgICAgICAgIHwKfCAyMDE4IHwgMCAgICAgICAgICAgICAgICAgICAgICAgICAgIHwgMCAgICAgICAgICAgICAgICB8CnwgMjAxOSB8IDAgICAgICAgICAgICAgICAgICAgICAgICAgICB8IDAgICAgICAgICAgICAgICAgfAp8IDIwMjAgfCAwICAgICAgICAgICAgICAgICAgICAgICAgICAgfCAwICAgICAgICAgICAgICAgIHwKfCAyMDIxIHwgMCAgICAgICAgICAgICAgICAgICAgICAgICAgIHwgMCAgICAgICAgICAgICAgICB8CnwgMjAyMiB8IDAgICAgICAgICAgICAgICAgICAgICAgICAgICB8IDAgICAgICAgICAgICAgICAgfAp8IDIwMjMgfCAwICAgICAgICAgICAgICAgICAgICAgICAgICAgfCAwICAgICAgICAgICAgICAgIHwKCui1hOaWmeadpea6kO+8mndpbmTjgIHotKLpgJror4HliLjnoJTnqbbmiYA=
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第8頁
fCDlubTku70gfCDlt6XkuJroh6rliqjljJbmlLblhaXvvIjkur/lhYPvvIkgfCDmlrDog73mupDmlLblhaXvvIjkur/lhYPvvIkgfAp8LS0tLS0tfC0tLS0tLS0tLS0tLS0tLS0tLS0tLS18LS0tLS0tLS0tLS0tLS0tLS0tfAp8IDIwMTEgfCAxMC4wMCAgICAgICAgICAgICAgICB8IDAuMDAgICAgICAgICAgICAgfAp8IDIwMTIgfCAxMi4wMCAgICAgICAgICAgICAgICB8IDAuMDAgICAgICAgICAgICAgfAp8IDIwMTMgfCAxNi4wMCAgICAgICAgICAgICAgICB8IDEuMjAgICAgICAgICAgICAgfAp8IDIwMTQgfCAyMC4wMCAgICAgICAgICAgICAgICB8IDIuMDAgICAgICAgICAgICAgfAp8IDIwMTUgfCAyNS4wMCAgICAgICAgICAgICAgICB8IDMuMDAgICAgICAgICAgICAgfAp8IDIwMTYgfCAzMC4wMCAgICAgICAgICAgICAgICB8IDQuMDAgICAgICAgICAgICAgfAp8IDIwMTcgfCAzNS4wMCAgICAgICAgICAgICAgICB8IDUuMDAgICAgICAgICAgICAgfAp8IDIwMTggfCA0MC4wMCAgICAgICAgICAgICAgICB8IDYuMDAgICAgICAgICAgICAgfAoK6LWE5paZ5p2l5rqQ77yad2luZOOAgeaxh+W3neaKgOacr+WFrOWPuOW5tOaKpeOAgei0oumAmuivgeWIuOeglOeptuaJgA==
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第9頁
fCDlubTku70gfCDnsr7mtYvnlLXlrZDokKXkuJrmlLblhaXvvIjkur/lhYPvvIkgfCDpmLPlhYnnlLXmupDokKXkuJrmlLblhaXvvIjkur/lhYPvvIkgfAp8LS0tLS0tfC0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tfC0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tfAp8IDIwMDkgfCAwLjEgICAgICAgICAgICAgICAgICAgICAgfCAxLjggICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMTAgfCAwLjIgICAgICAgICAgICAgICAgICAgICAgfCA2LjAgICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMTEgfCAwLjMgICAgICAgICAgICAgICAgICAgICAgfCA4LjcgICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMTIgfCAwLjYgICAgICAgICAgICAgICAgICAgICAgfCAxMC44ICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMTMgfCAxLjQgICAgICAgICAgICAgICAgICAgICAgfCAyMS4yICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMTQgfCAyLjUgICAgICAgICAgICAgICAgICAgICAgfCAzMC42ICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMTUgfCA0LjIgICAgICAgICAgICAgICAgICAgICAgfCA0NS43ICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMTYgfCA1LjIgICAgICAgICAgICAgICAgICAgICAgfCA2MC4wICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMTcgfCA5LjAgICAgICAgICAgICAgICAgICAgICAgfCA4OC45ICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMTggfCAxMy45ICAgICAgICAgICAgICAgICAgICAgfCAxMDMuNyAgICAgICAgICAgICAgICAgICAgfAp8IDIwMTkgfCAxOS41ICAgICAgICAgICAgICAgICAgICAgfCAxMzAuMCAgICAgICAgICAgICAgICAgICAgfAp8IDIwMjAgfCAyMC44ICAgICAgICAgICAgICAgICAgICAgfCAxOTIuOSAgICAgICAgICAgICAgICAgICAgfAp8IDIwMjEgfCAyNC4xICAgICAgICAgICAgICAgICAgICAgfCAyNDEuNCAgICAgICAgICAgICAgICAgICAgfAp8IDIwMjIgfCAyNy4zICAgICAgICAgICAgICAgICAgICAgfCA0MDIuNiAgICAgICAgICAgICAgICAgICAgfAp8IDIwMjMgfCAyNC4zICAgICAgICAgICAgICAgICAgICAgfCA3MjIuNSAgICAgICAgICAgICAgICAgICAgfAoK6LWE5paZ5p2l5rqQ77yad2luZOOAgei0oumAmuivgeWIuOeglOeptuaJgA==
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第10頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第11頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第12頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第13頁
fCDml6XmnJ8gfCDkuK3lm73lm7rlrprotYTkuqfmipXotYTlrozmiJDpop3vvJrliLbpgKDkuJrvvJrntK/orqHlkIzmr5QgfAp8LS0tLS0tfC0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLXwKfCAyMDA0LTAyIHwgNjAuMDAlIHwKfCAyMDA1LTAyIHwgNDAuMDAlIHwKfCAyMDA2LTAyIHwgMzAuMDAlIHwKfCAyMDA3LTAyIHwgMjUuMDAlIHwKfCAyMDA4LTAyIHwgMjAuMDAlIHwKfCAyMDA5LTAyIHwgMjAuMDAlIHwKfCAyMDEwLTAyIHwgMjAuMDAlIHwKfCAyMDExLTAyIHwgMjAuMDAlIHwKfCAyMDEyLTAyIHwgMjAuMDAlIHwKfCAyMDEzLTAyIHwgMjAuMDAlIHwKfCAyMDE0LTAyIHwgMjAuMDAlIHwKfCAyMDE1LTAyIHwgMjAuMDAlIHwKfCAyMDE2LTAyIHwgMjAuMDAlIHwKfCAyMDE3LTAyIHwgMjAuMDAlIHwKfCAyMDE4LTAyIHwgMjAuMDAlIHwKfCAyMDE5LTAyIHwgMjAuMDAlIHwKfCAyMDIwLTAyIHwgLTIwLjAwJSB8CnwgMjAyMS0wMiB8IC0yMC4wMCUgfAp8IDIwMjItMDIgfCAyMC4wMCUgfAp8IDIwMjMtMDIgfCAyMC4wMCUgfAp8IDIwMjQtMDIgfCAyMC4wMCUgfAoK6LWE5paZ5p2l5rqQ77yad2luZOOAgei0oumAmuivgeWIuOeglOeptuaJgO+8iOazqO+8muaciOW6puWAvO+8jOapmeiJsue6v+adoeS4ujIwMjEtMjAyMuW5tOaVsOaNruW5s+a7keWkhOeQhu+8iQ==
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第14頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第15頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第16頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第17頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第18頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第19頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第20頁
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第21頁
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第22頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第23頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第24頁
fCDlubTku70gfCDlhajnkIPllYblk4HotLjmmJPph5Hpop3ljaBHRFDmr5Tph43vvIjnvo7lhYPvvIwl77yJIHwg5Lit5Zu96L+b5Ye65Y+j6YeR6aKdL0dEUOS4jeWPmOS7t++8iOS6uuawkeW4ge+8jCXvvIzlj7PovbTvvIkgfAp8LS0tLS0tfC0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS18LS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS18CnwgMjAwMiB8IDM3Ljg5ICAgICAgICAgICAgICAgICAgICAgICAgICAgIHwgMzYuNTAgICAgICAgICAgICAgICAgICAgICAgICAgICAgIHwKfCAyMDA0IHwgNDUuMDAgICAgICAgICAgICAgICAgICAgICAgICAgICAgfCA1MC4wMCAgICAgICAgICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMDYgfCA1MC4wMCAgICAgICAgICAgICAgICAgICAgICAgICAgICB8IDQ4LjAwICAgICAgICAgICAgICAgICAgICAgICAgICAgICB8CnwgMjAwOCB8IDUwLjAwICAgICAgICAgICAgICAgICAgICAgICAgICAgIHwgNDUuMDAgICAgICAgICAgICAgICAgICAgICAgICAgICAgIHwKfCAyMDEwIHwgNDUuMDAgICAgICAgICAgICAgICAgICAgICAgICAgICAgfCA0MC4wMCAgICAgICAgICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMTIgfCA1MC4wMCAgICAgICAgICAgICAgICAgICAgICAgICAgICB8IDQyLjAwICAgICAgICAgICAgICAgICAgICAgICAgICAgICB8CnwgMjAxNCB8IDQ1LjAwICAgICAgICAgICAgICAgICAgICAgICAgICAgIHwgNDAuMDAgICAgICAgICAgICAgICAgICAgICAgICAgICAgIHwKfCAyMDE2IHwgNDIuMjIgICAgICAgICAgICAgICAgICAgICAgICAgICAgfCAzNS4wMCAgICAgICAgICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMTggfCA0MC4wMCAgICAgICAgICAgICAgICAgICAgICAgICAgICB8IDM1LjAwICAgICAgICAgICAgICAgICAgICAgICAgICAgICB8CnwgMjAyMCB8IDM1LjAwICAgICAgICAgICAgICAgICAgICAgICAgICAgIHwgMzUuMDAgICAgICAgICAgICAgICAgICAgICAgICAgICAgIHwKfCAyMDIyIHwgNDUuMDAgICAgICAgICAgICAgICAgICAgICAgICAgICAgfCAzNS4wMCAgICAgICAgICAgICAgICAgICAgICAgICAgICAgfAoK6LWE5paZ5p2l5rqQ77yad2luZOOAgei0oumAmuivgeWIuOeglOeptuaJgA==
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第25頁
fCDml6XmnJ8gfCA4ODIyMTIuV0ko5py65qKwKSB8IDgwMTA3Mi5TSSjpgJrnlKjorr7lpIco55Sz5LiHKSkgfCA4ODEwMDEuV0ko5LiH5b6X5YWoQSkgfCDkuK3lm73liLbpgKDkuJpQTUkgfCDpopHnuYHmnIggfAp8LS0tLS0tfC0tLS0tLS0tLS0tLS0tLS0tLS18LS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS18LS0tLS0tLS0tLS0tLS0tLS0tfC0tLS0tLS0tLS0tLXwtLS0tLS0tLXwKfCAyMDE1LTEyLTMxIHwgNzIyOC4wNSB8IDM2MjMuOTggfCAzNjIzLjk4IHwgNDkuNDAlIHwgNDkuNDAlIHwKCui1hOaWmeadpea6kO+8mndpbmTjgIHotKLpgJror4HliLjnoJTnqbbmiYA=
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第26頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第27頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第28頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第29頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第30頁
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第31頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第32頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第33頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第34頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第35頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第36頁
5aW955qE77yM5Lul5LiL5piv6K+l5Zu+54mH5Lit55qE5pWw5o2u5Lul5Y+K55Sf5oiQ55qE6KGo5qC877yM5bm25Zyo5LiL5pa55bGV56S65LqG6LWE5paZ5p2l5rqQ77yaCgp8IOaXtumXtOautSB8IOWFqOeQg+WMluWPkeWxlemYtuautSB8IOS4u+imgeeJueW+gSB8CnwgLS0tIHwgLS0tIHwgLS0tIHwKfCAyMDAw5bm05Lul5YmNIHwg5Yid5pyf6Zi25q61IHwg5aSa5Lul5Ye65Y+j5ZWG5ZOB5oiW6I635b6X6IO95rqQ44CB6YeR5bGe562J6Ieq54S26LWE5rqQ5Li65Li777yM5oqV6LWE5Yy65Z+f6ZuG5Lit5Zyo5Lic5Y2X5Lqa77yM5oqV6LWE5Li75L2T5Lul5Zu95LyB5Li65Li7IHwKfCAyMDAxLTIwMDggfCDotYTmupDojrflj5bpmLbmrrUgfCDku47otYTmupDojrflj5bovazlkJHmioDmnK/lkozluILlnLrojrflj5bvvIzlvIDlp4vlubbotK3lm73pmYXnn6XlkI3kvIHkuJrvvIzmipXotYTljLrln5/lvIDlp4vovazlkJHmrKfnvo7vvIzmipXotYTkuLvkvZPku43nhLbku6Xlm73kvIHkuLrkuLvvvIzkvYbmsJHokKXkvIHkuJrpgJDmuJDlop7lpJogfAp8IDIwMDgtMjAxOCB8IOmHkeiejeWNseacuuWQjumYtuautSB8IOmHkeiejeWNseacuueIhuWPkeWQju+8jOS4reWbveS8geS4muW8gOWni+Wvu+axguWFqOeQg+aKlei1hOacuuS8mu+8jOmHjeeCueaYr+WPkei+vuWMuuWfn+i0reS5sOi1hOS6p++8jDIwMTPlubTigJzkuIDluKbkuIDot6/igJ3lgKHorq7mj5Dlh7rlkI7vvIzkuJzljZfkuprljLrln5/mipXotYTkuZ/lvIDlp4vlv6vpgJ/lop7plb8gfAp8IDIwMTjlubToh7Pku4ogfCDotLjmmJPmkanmk6bpmLbmrrUgfCDotLjmmJPmkanmk6bkuYvkuIvvvIzkuqfog73lh7rmtbfliqDpgJ/vvIzmtbflpJblu7rljoLlvIDlkK/mlrDkuIDova7ng63mva7vvIzlkIzml7bkupLogZTnvZHpoobln5/mlrDkuJrmgIHjgIHmlrDmqKHlvI/lh7rmtbflv6vpgJ/lj5HlsZXvvIzlhajnkIPkuqfkuJrpk77ph43mnoQgfAoK6LWE5paZ5p2l5rqQ77ya5Lit5Zu95L+h5oGv5oql44CB6LSi6YCa6K+B5Yi456CU56m25omA
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第37頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第38頁
5aW955qE77yM5Lul5LiL5piv5oKo5o+Q5L6b55qE5Zu+54mH5YaF5a6577yaCgp8IDIwMjEtMjAyM+W5tOS4reWbveWItumAoOS4mua1t+WkluS4u+imgeWMuuWfn+e0r+iuoeaKlei1hOmHkemine+8iOS6v+e+juWFg++8iSB8CnwtLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS18Cnwg5Lic5Y2X5LqaIHwg5qyn5rSyIHwg5ouJ576OIHwg5Y2X5LqaIHwg6Z2e5rSyIHwg5Lit5LicIHwg5YyX576OIHwg5Lic5LqaIHwg5aSn5rSL5rSyIHwKfCA0MTAgfCAxNjAgfCAxMjAgfCA4MCB8IDcwIHwgNTAgfCA0MCB8IDMwIHwgMjAgfAoK6LWE5paZ5p2l5rqQ77ya5ZiJ5a6+5ZWG5a2mJueBr+WhlOekvuOAgei0oumAmuivgeWIuOeglOeptuaJgA==
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第39頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第40頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第41頁
5aW955qE77yM5Lul5LiL5piv5oKo5Zu+54mH5Lit55qE5pWw5o2u6KGo5qC85ZKM6LWE5paZ5p2l5rqQ77yaCgp8IOW6j+WPtyB8IOiCoeelqOS7o+eggSB8IOWFrOWPuOWQjeensCB8IOWMuumXtOa2qOi3jOW5he+8iCXvvIkgfCAyMDIy5bm06L6DMjAxOeW5tOaUtuWFpeWinuW5he+8iCXvvIkgfCAyMDIy5bm06L6DMjAxOeW5tOS4mue7qeWinuW5he+8iCXvvIkgfAp8LS0tLS0tfC0tLS0tLS0tLS18LS0tLS0tLS0tLXwtLS0tLS0tLS0tLS0tLS0tLS18LS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS18LS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tfAp8IDEgICAgfCAzMDA4NTAuU1p8IOaWsOW8uuiBlCAgIHwgODY4LjA0ICAgICAgICAgICB8IDMxMi42MSAgICAgICAgICAgICAgICAgICAgICB8IDIxNi42NCAgICAgICAgICAgICAgICAgICAgICAgfAp8IDIgICAgfCAwMDI0NzIuU1p8IOWPjOeOr+S8oOWKqCB8IDYzOS4wNSAgICAgICAgICAgfCAxMTEuMzIgICAgICAgICAgICAgICAgICAgICAgfCA2NDMuMjQgICAgICAgICAgICAgICAgICAgICAgIHwKfCAzICAgIHwgMzAwMjYwLlNafCDmlrDojrHlupTmnZAgfCA2MDkuNTggICAgICAgICAgIHwgODguODcgICAgICAgICAgICAgICAgICAgICAgIHwgNDUzLjQyICAgICAgICAgICAgICAgICAgICAgICB8CnwgNCAgICB8IDYwMzQ4Ni5TSHwg56eR5rKD5pavICAgfCAzNjAuMDUgICAgICAgICAgIHwgMTg4LjQ4ICAgICAgICAgICAgICAgICAgICAgIHwgMTMwNy4xMCAgICAgICAgICAgICAgICAgICAgICB8CnwgNSAgICB8IDAwMjAxMS5TWnwg55u+5a6J546v5aKDIHwgMzU3LjYwICAgICAgICAgICB8IDExLjQyICAgICAgICAgICAgICAgICAgICAgICB8IDUzOC45MiAgICAgICAgICAgICAgICAgICAgICAgfAp8IDYgICAgfCA2MDE4ODIuU0h8IOa1t+WkqeeyvuW3pSB8IDI3OC4zNCAgICAgICAgICAgfCAxNzIuODEgICAgICAgICAgICAgICAgICAgICAgfCA1NzguNjUgICAgICAgICAgICAgICAgICAgICAgIHwKfCA3ICAgIHwgMDAyMTU4LlNafCDmsYnpkp/nsr7mnLogfCAyNzMuODQgICAgICAgICAgIHwgODAuNzMgICAgICAgICAgICAgICAgICAgICAgIHwgMTYxLjY5ICAgICAgICAgICAgICAgICAgICAgICB8CnwgOCAgICB8IDMwMDEyNC5TWnwg5rGH5bed5oqA5pyvIHwgMjczLjY4ICAgICAgICAgICB8IDIxMS4zMyAgICAgICAgICAgICAgICAgICAgICB8IDM1My43OSAgICAgICAgICAgICAgICAgICAgICAgfAp8IDkgICAgfCAzMDA0MTUuU1p8IOS8iuS5i+WvhiAgIHwgMjQ2LjM3ICAgICAgICAgICB8IDc0LjA4ICAgICAgICAgICAgICAgICAgICAgICB8IDExMC4yNyAgICAgICAgICAgICAgICAgICAgICAgfAp8IDEwICAgfCAwMDIwMjYuU1p8IOWxseS4nOWogei+viB8IDIyNS43NiAgICAgICAgICAgfCA1Ni42NCAgICAgICAgICAgICAgICAgICAgICAgfCAyNzUuMDYgICAgICAgICAgICAgICAgICAgICAgIHwKfCAxMSAgIHwgMDAyMDQ2LlNafCDlm73mnLrnsr7lt6UgfCAyMTUuNzQgICAgICAgICAgIHwgNjQuNzkgICAgICAgICAgICAgICAgICAgICAgIHwgNzQ3Ljk1ICAgICAgICAgICAgICAgICAgICAgICB8CnwgMTIgICB8IDYwMDk5Mi5TSHwg6LS157uz6IKh5Lu9IHwgMjEzLjcyICAgICAgICAgICB8IDkuMDcgICAgICAgICAgICAgICAgICAgICAgICB8ICgyMS4wNCkgICAgICAgICAgICAgICAgICAgICAgfAp8IDEzICAgfCAwMDA4MzcuU1p8IOenpuW3neacuuW6iiB8IDIxMC41OCAgICAgICAgICAgfCAyOS41OCAgICAgICAgICAgICAgICAgICAgICAgfCAxOTIuNDIgICAgICAgICAgICAgICAgICAgICAgIHwKfCAxNCAgIHwgMzAwMDgzLlNafCDliJvkuJbnuqogICB8IDE4Ny44MCAgICAgICAgICAgfCAoMTYuNzcpICAgICAgICAgICAgICAgICAgICAgfCAyNTY0LjIzICAgICAgICAgICAgICAgICAgICAgIHwKfCAxNSAgIHwgNjAzNjY3LlNIfCDkupTmtLLmlrDmmKUgfCAxODQuNDEgICAgICAgICAgIHwgNzYuMDcgICAgICAgICAgICAgICAgICAgICAgIHwgNDQuMzAgICAgICAgICAgICAgICAgICAgICAgICB8CnwgMTYgICB8IDY4ODU1Ni5TSHwg6auY5rWL6IKh5Lu9IHwgMTgwLjkzICAgICAgICAgICB8IDM5OS45MSAgICAgICAgICAgICAgICAgICAgICB8IDIzNjIuNzkgICAgICAgICAgICAgICAgICAgICAgfAp8IDE3ICAgfCAwMDIxMzIuU1p8IOaBkuaYn+enkeaKgCB8IDE2My4zMyAgICAgICAgICAgfCAzMC40NiAgICAgICAgICAgICAgICAgICAgICAgfCAxMjAuOTQgICAgICAgICAgICAgICAgICAgICAgIHwKfCAxOCAgIHwgMDAyNDQ0LlNafCDlt6jmmJ/np5HmioAgfCAxNTYuODkgICAgICAgICAgIHwgOTAuMzMgICAgICAgICAgICAgICAgICAgICAgIHwgNTguNjAgICAgICAgICAgICAgICAgICAgICAgICB8CnwgMTkgICB8IDAwMjc0Ny5TWnwg5Z+D5pav6aG/ICAgfCAxNDkuNzMgICAgICAgICAgIHwgMTczLjAxICAgICAgICAgICAgICAgICAgICAgIHwgMTUyLjg5ICAgICAgICAgICAgICAgICAgICAgICB8CnwgMjAgICB8IDYwMTM2OS5TSHwg6ZmV6byT5Yqo5YqbIHwgMTQ5LjQzICAgICAgICAgICB8IDQ3LjQwICAgICAgICAgICAgICAgICAgICAgICB8IDYwLjU1ICAgICAgICAgICAgICAgICAgICAgICAgfAp8IDIxICAgfCA2MDMxODcuU0h8IOa1t+WuueWGt+mTviB8IDEzMS45MCAgICAgICAgICAgfCA4OS4xNSAgICAgICAgICAgICAgICAgICAgICAgfCAzMy41MyAgICAgICAgICAgICAgICAgICAgICAgIHwKfCAyMiAgIHwgNjAzOTE1LlNIfCDlm73ojILogqHku70gfCAxMzEuNDggICAgICAgICAgIHwgNDIuMjYgICAgICAgICAgICAgICAgICAgICAgIHwgNDUuODYgICAgICAgICAgICAgICAgICAgICAgICB8CnwgMjMgICB8IDYwMDM2MS5TSHwg5Yib5paw5paw5p2QIHwgMTIzLjY2ICAgICAgICAgICB8IDQ3OC4wMSAgICAgICAgICAgICAgICAgICAgICB8IDExOTIuNDEgICAgICAgICAgICAgICAgICAgICAgfAp8IDI0ICAgfCA2MDMzMDguU0h8IOW6lOa1geiCoeS7vSB8IDk3LjI2ICAgICAgICAgICAgfCAxOC4xMyAgICAgICAgICAgICAgICAgICAgICAgfCAyMDcuMzcgICAgICAgICAgICAgICAgICAgICAgIHwKfCAyNSAgIHwgMDAwODgwLlNafCDmvY3mn7Tph43mnLogfCA5Mi42OSAgICAgICAgICAgIHwgMjkuOTMgICAgICAgICAgICAgICAgICAgICAgIHwgNjguMjEgICAgICAgICAgICAgICAgICAgICAgICB8CnwgMjYgICB8IDAwMDUzMC5TWnwg5Yaw5bGx5Ya354OtIHwgOTIuMDUgICAgICAgICAgICB8IDU3LjkzICAgICAgICAgICAgICAgICAgICAgICB8ICg3OS41MSkgICAgICAgICAgICAgICAgICAgICAgfAp8IDI3ICAgfCAwMDI0ODMuU1p8IOa2pumCpuiCoeS7vSB8IDg2LjgyICAgICAgICAgICAgfCA=
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第42頁
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第43頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第44頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第45頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第46頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第47頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第48頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第49頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第50頁
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第51頁
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第52頁
5oqx5q2J77yM5oiR5peg5rOV5o+Q5Y+W5Zu+54mH5Lit55qE5pWw5o2u5bm255Sf5oiQ6KGo5qC844CC
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第53頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第54頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第55頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第56頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第57頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第58頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第59頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第60頁
fCDlubTku70gfCDmipXono3otYTkuovku7bvvIjotbfvvIkgfCDmipXono3otYTph5Hpop3vvIjkur/lhYPvvIkgfAp8LS0tLS0tfC0tLS0tLS0tLS0tLS0tLS18LS0tLS0tLS0tLS0tLS0tLXwKfCAyMDE0IHwgNjkgICAgICAgICAgICAgfCAxNiAgICAgICAgICAgICB8CnwgMjAxNSB8IDEzNiAgICAgICAgICAgIHwgODkgICAgICAgICAgICAgfAp8IDIwMTYgfCAxNjQgICAgICAgICAgICB8IDMxMSAgICAgICAgICAgIHwKfCAyMDE3IHwgMTkyICAgICAgICAgICAgfCA0MzYgICAgICAgICAgICB8CnwgMjAxOCB8IDE3OCAgICAgICAgICAgIHwgNTI1ICAgICAgICAgICAgfAp8IDIwMTkgfCAxNjEgICAgICAgICAgICB8IDQ0MiAgICAgICAgICAgIHwKfCAyMDIwIHwgMTU5ICAgICAgICAgICAgfCA1MzIgICAgICAgICAgICB8CnwgMjAyMSB8IDM0NSAgICAgICAgICAgIHwgMSwyNjUgICAgICAgICAgfAp8IDIwMjIgfCA0MzAgICAgICAgICAgICB8IDEsNTcxICAgICAgICAgIHwKfCAyMDIzIHwgNDUyICAgICAgICAgICAgfCAxLDQyMSAgICAgICAgICB8CgrotYTmlpnmnaXmupDvvJpJVOahlOWtkOOAgei0oumAmuivgeWIuOeglOeptuaJgA==
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第61頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第62頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第63頁
5aW955qE77yM5Lul5LiL5piv5oKo5Zu+54mH5Lit55qE5pWw5o2u6KGo5qC877yM6KGo5qC855qE6LWE5paZ5p2l5rqQ5piv77yad2luZOOAgei0oumAmuivgeWIuOeglOeptuaJgOOAggoKCmBgYHBsYWludGV4dAp8IOS4reS/oeS4iee6p+ihjOS4muWIhuexuyB8IOiCoeelqOS7o+eggSB8IOWFrOWPuOeugOensCB8IDIwMjLlubToh7Pku4rogqHku7flm57mkqTluYXluqbvvIgl77yJIHwgUEUtVFRNIHwgUEXliIbkvY3mlbDvvIgyMDIw5bm06Iez5LuK5bm077yMJe+8iSB8IOW4guWAvO+8iOS6v+WFg++8iSB8CnwtLS0tLS0tLS0tLS0tLS0tLS18LS0tLS0tLS0tLXwtLS0tLS0tLS0tfC0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tfC0tLS0tLS0tfC0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tfC0tLS0tLS0tLS0tLS0tfAp8IOW3peS4muacuuWZqOS6uuWPiuW3peaOp+ezu+e7nyB8IDY4ODE1NS5TSCB8IOWFiOaDoOaKgOacryB8ICg1Ny45MSkgICAgICAgICAgICAgICAgICAgICB8IDIzLjUgICB8IDAuMCAgICAgICAgICAgICAgICAgICAgICAgICB8IDQ3LjQgICAgICAgICB8Cnwg5py65bqK6K6+5aSHICAgICAgICAgfCA2ODgzMDUuU0ggfCDnp5HlvrfmlbDmjqcgfCAoNDUuNTIpICAgICAgICAgICAgICAgICAgICAgfCA2My43ICAgfCAzLjMgICAgICAgICAgICAgICAgICAgICAgICAgfCA2OS43ICAgICAgICAgfAp8IOacjeWKoeacuuWZqOS6uiAgICAgICB8IDY4ODAwOS5TSCB8IOS5neWPt+WFrOWPuC1XRCB8ICgzMi4wNykgICAgICAgICAgICAgICAgICAgICB8IDI4LjcgICB8IDMuOCAgICAgICAgICAgICAgICAgICAgICAgICB8IDM0MC42ICAgICAgICB8Cnwg5YW25LuW6YCa55So5py65qKwICAgICB8IDAwMjAxMS5TWiB8IOebvuWuieeOr+WigyB8ICg0OS44NikgICAgICAgICAgICAgICAgICAgICB8IDEzLjYgICB8IDUuOCAgICAgICAgICAgICAgICAgICAgICAgICB8IDExNS4yICAgICAgICB8Cnwg5r+A5YWJ5Yqg5bel6K6+5aSHICAgICB8IDY4ODAyNS5TSCB8IOadsOaZrueJuSAgIHwgKDUxLjEzKSAgICAgICAgICAgICAgICAgICAgIHwgMzUuNiAgIHwgNi4wICAgICAgICAgICAgICAgICAgICAgICAgIHwgNDUuMSAgICAgICAgIHwKfCDmnI3liqHmnLrlmajkurogICAgICAgfCA2ODgxNjkuU0ggfCDnn7PlpLTnp5HmioAgfCAoMzQuMjUpICAgICAgICAgICAgICAgICAgICAgfCAxOC43ICAgfCA4LjAgICAgICAgICAgICAgICAgICAgICAgICAgfCA0MDUuMSAgICAgICAgfAp8IOWFtuS7lumAmueUqOacuuaisCAgICAgfCAwMDIxNTguU1ogfCDmsYnpkp/nsr7mnLogfCAoMzUuODUpICAgICAgICAgICAgICAgICAgICAgfCAxMC45ICAgfCA4LjIgICAgICAgICAgICAgICAgICAgICAgICAgfCA5OS4wICAgICAgICAgfAp8IOmHkeWxnuWItuWTgUlJSSAgICAgIHwgMzAwNDAyLlNaIHwg5a6d6Imy6IKh5Lu9IHwgKDQ5LjI5KSAgICAgICAgICAgICAgICAgICAgIHwgNTEuNCAgIHwgOC43ICAgICAgICAgICAgICAgICAgICAgICAgIHwgMzUuOSAgICAgICAgIHwKfCDlhbbku5bpgJrnlKjmnLrmorAgICAgIHwgNjAzMTg3LlNIIHwg5rW35a655Ya36ZO+IHwgKDY0LjkzKSAgICAgICAgICAgICAgICAgICAgIHwgMTMuMSAgIHwgOC45ICAgICAgICAgICAgICAgICAgICAgICAgIHwgNDMuMiAgICAgICAgIHwKfCDln7rnoYDku7YgICAgICAgICAgIHwgNjAxMTc3LlNIIHwg5p2t6b2/5YmN6L+bIHwgKDM0LjM3KSAgICAgICAgICAgICAgICAgICAgIHwgMTQuOCAgIHwgMTAuMSAgICAgICAgICAgICAgICAgICAgICAgIHwgMzMuOCAgICAgICAgIHwKfCDln7rnoYDku7YgICAgICAgICAgIHwgNjAzNjM4LlNIIHwg6Im+6L+q57K+5a+GIHwgKDQ3LjA0KSAgICAgICAgICAgICAgICAgICAgIHwgNDAuOCAgIHwgMTAuMyAgICAgICAgICAgICAgICAgICAgICAgIHwgMTQxLjYgICAgICAgIHwKfCDmnLrluororr7lpIcgICAgICAgICB8IDYwMTg4Mi5TSCB8IOa1t+WkqeeyvuW3pSB8ICg0MC42OCkgICAgICAgICAgICAgICAgICAgICB8IDIwLjggICB8IDExLjAgICAgICAgICAgICAgICAgICAgICAgICB8IDExNC41ICAgICAgICB8Cnwg5aGR5paZ5Yqg5bel5py65qKwICAgICB8IDMwMDQxNS5TWiB8IOS8iuS5i+WvhiAgIHwgKDMwLjYxKSAgICAgICAgICAgICAgICAgICAgIHwgMTUuOSAgIHwgMTEuMSAgICAgICAgICAgICAgICAgICAgICAgIHwgOTQuMCAgICAgICAgIHwKfCDlhbbku5bpgJrnlKjmnLrmorAgICAgIHwgMzAwMDkyLlNaIHwg56eR5paw5py655S1IHwgKDMzLjIyKSAgICAgICAgICAgICAgICAgICAgIHwgMTguNSAgIHwgMTEuNiAgICAgICAgICAgICAgICAgICAgICAgIHwgMzEuNiAgICAgICAgIHwKfCDln7rnoYDku7YgICAgICAgICAgIHwgMDAyNDM4LlNaIHwg5rGf6IuP56We6YCaIHwgKDQwLjU2KSAgICAgICAgICAgICAgICAgICAgIHwgMjEuMCAgIHwgMTIuOCAgICAgICAgICAgICAgICAgICAgICAgIHwgNjEuOSAgICAgICAgIHwKfCDmnLrluororr7lpIcgICAgICAgICB8IDY4ODY5Ny5TSCB8IOe6veWogeaVsOaOpyB8ICg0NC45NikgICAgICAgICAgICAgICAgICAgICB8IDE3LjYgICB8IDEzLjUgICAgICAgICAgICAgICAgICAgICAgICB8IDU0LjQgICAgICAgICB8Cnwg5r+A5YWJ5Yqg5bel6K6+5aSHICAgICB8IDAwMjAwOC5TWiB8IOWkp+aXj+a/gOWFiSB8ICg1Mi41OCkgICAgICAgICAgICAgICAgICAgICB8IDE2LjMgICB8IDE0LjcgICAgICAgICAgICAgICAgICAgICAgICB8IDI2My4wICAgICAgICB8Cnwg5Z+656GA5Lu2ICAgICAgICAgICB8IDYwMzkxNS5TSCB8IOWbveiMguiCoeS7vSB8ICg1NS44OCkgICAgICAgICAgICAgICAgICAgICB8IDIyLjkgICB8IDE0LjkgICAgICAgICAgICAgICAgICAgICAgICB8IDc3LjIgICAgICAgICB8Cnwg5Z+656GA5Lu2ICAgICAgICAgICB8IDYwMTEwMC5TSCB8IOaBkueri+a2suWOiyB8ICgzOS4wOSkgICAgICAgICAgICAgICAgICAgICB8IDI3LjkgICB8IDE1LjIgICAgICAgICAgICAgICAgICAgICAgICB8IDcwNy42ICAgICAgICB8Cnwg5py65bqK6K6+5aSHICAgICAgICAgfCAzMDA5NDYuU1ogfCDmgZLogIzovr4gICB8ICg0MC40NSkgICAgICAgICAgICAgICAgICAgICB8IDM0LjYgICB8IDE2LjEgICAgICAgICAgICAgICAgICAgICAgICB8IDMyLjYgICAgICAgICB8Cnwg5Z+656GA5Lu2ICAgICAgICAgICB8IDY4ODAyOC5TSCB8IOayg+WwlOW+tyAgIHwgKDQ0LjQ4KSAgICAgICAgICAgICAgICAgICAgIHwgMzMuOCAgIHwgMTguMSAgICAgICAgICAgICAgICAgICAgICAgIHwgMzM=
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第64頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第65頁
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
圖8.2012年至今通用設備收入增速與<產量-庫存+PPI>擬合情況_第66頁
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
所屬報告： 機械設備行業通用設備：內需拐點臨近重視結構性機會-250105（38頁）.pdf
打包全文圖表

相關數據

最新數據
聯系我們
  • 0731-84720580
  • sgpjbg002
  • 工作日 9:30 - 18:00
關于我們
侵權處理
關于我們

三個皮匠報告專業的行業報告下載站，每日更新，歡迎大家關注！

copyright@2008-2013 長沙景略智創信息技術有限公司版權所有
網站備案/許可證號：湘B2-20190120

客服
商務合作
小程序
服務號
折疊
午夜网日韩中文字幕,日韩Av中文字幕久久,亚洲中文字幕在线一区二区,最新中文字幕在线视频网站