COVID-19 significantly impacting 60% of the European construction equipment industry
Recent findings from a CECE flash survey paint a gloomy picture for the European CE Industry facing the consequences of the COVID-19 outbreak.
The ad-hoc flash survey ran between 23rd and 27th March and gathered input from a representative group of industry leaders assessing the impact and delivering their perception on the business perspective.
With 32% of respondents pointing to significant reduction and 30% reporting factory closures, it is evident that the impact on production and manufacturing is already severe. Only 3% report not being effected at all.