CURRENT BUSINESS WORSE, EXPECTATIONS BETTER
According to latest CEMA survey

The European Agricultural Machinery Association (CEMA) have published its October Business Climate survey. It shows that the general business climate index for the agricultural machinery industry in Europe has improved slightly but continues deep in negative territory. 

 

In October, the index increased from -54 point to -52 points (on a scale of -100 to +100). The slight improvement in the business climate is for the second time in a row solely due to less negative expectations for the coming six months, while the current business has again been downgraded and is now evaluated at a record low level.

 

The survey confirms once again that the direct customers of the manufacturers, the dealers, have still not been able to pass on their numerous orders to the end customers. According to the survey, the dealer stocks remain at very high levels in almost all European markets. Against this background, despite slight improvements, there is still not one single European market with positive confidence levels from the perspective of manufacturers. 

 

The markets that have seen the largest declines to date, such as Spain and Italy, are at the top and upper part of the regional ranking, meaning that fewer survey participants have negative turnover expectations for these countries over the coming six months. Germany, Austria and other Central European countries, conversely, are found at the lower end of this confidence ranking.

 

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