Inthisinauguraleditionofourmonthlyappliancetracker,welookatkeymetricsincludingex-factoryshipmentformajorwhitegoods,offline&onlineretailsalestrendforkeyapplianceproducts,propertysalesandcompletionaswellaskeycommodityprices.WesummarizethekeytrendsinFeb2020below.Notsurprisingly,ACtotalex-factoryshipmentvolumedeclinedby41.5%inFeb,with67.3%decreaseindomesticmarketand13.2%decreaseinexportduetotheimpactofCOVID-19onlaboursupplyandlogistics.ThoughFebwashingmachinesandrefrigeratorsdatahasnotcomeoutyet,weexpectasimilardropforthesetwocategories.Factoriesarecurrentlyprioritizingexportorders.Weexpectrevenuegrowthforcompanieswithhigheroverseasexposuretoperformbetterin1Q...