Construction Briefing magazine recently explored equipment industry trends being reported by various industry groups and found the signals to be very mixed. Overall, the recent market update from the Committee for European Construction Equipment (CECE) shows a slightly positive trend toward recovery.
However, despite the recent Bauma show, which typically produces a temporary ‘bounce’ in equipment sales, many sectors remained flat. Moreover, where growth did occur it often was measured against very negative results in the prior two years. Both regional and market differences were noted as well as the impact of U.S. tariffs on export markets.
On the positive side, an expected decline in publicly funded projects is expected to be offset by increased consumer spending, particularly in residential housing. That spending will be in response to lower inflation and a growth in real wages for consumers.
Reporting says a slowing economy saw sales decline by 21 percent in 2024.
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