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
First Quarter Summary: The Covid-19 crisis has reached Europe. As business activity is severely affected in most countries, the construction equipment sector is also in a most uncertain situation. After three months of strong recovery, the CECE climate index saw a sharp drop in March. This was primarily attributable to deteriorating future business expectations. Current business evaluation is still rather positive, as sales in Europe are stable and incoming orders have not yet declined significantly. However, the current dynamics with negative news coming in on a daily basis suggest that the worst is still to come. A further downturn of the business climate seems inevitable.
Do you want to have the detailed picture? Then participate in the Barometer! You can send an e-mail to firstname.lastname@example.org.