CECE Business Barometer
Every month CECE asks around 220 senior European construction equipment industry representatives about their opinion on the state of industry. The objective is to obtain a regular business trend indicator and describe the economic climate.
The CECE Business Climate Index summarizes the survey answers on the evaluation of the current business situation and the expectations for the next 6 months regarding sales.
While detailed results including all questions are exclusively available for participants, a summary is available to all CECE members quarterly.
CECE Business Climate Index
Third Quarter Summary: In line with expectations, the European business climate went down significantly after the market had reached its peak mid-2019. In September, the climate index found itself at a neutral level where it had last been four years ago. The current scenario clearly is a mix of global economic uncertainties and a cyclical downturn in the European equipment market after a long period of growth.
When it comes to market regions, manufacturers are particularly pessimistic about the UK, Turkey, and most recently also China. Southern Europe, CEE markets, Latin America and North America are still seen cautiously optimistic.
Do you want to have the detailed picture? Then participate in the Barometer! You can send an e-mail to email@example.com.