Business Climate Index - March brings new setback
After a slight bounce-back at the start of 2024, March brought a new setback to the European construction equipment business climate.
Both current business situation and future expectations are negative on average. None of the European market regions is currently seen positive by CECE member companies.
On the global stage, only North America and India receive a positive market evaluation. While the rates of declines of new orders are gradually getting smaller in Europe, the industry will most probably see the trough not before the last quarter of 2024.
CECE Members: do you want to have the detailed picture? Then participate in the Barometer! You can send an e-mail to info@cece.eu.
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