CEMA Business Barometer - Index decreases by 7 points in September

 

The September Business Barometer shows that the downward trend in terms of turnover and order intake in the agricultural machinery industry has continued.

France is showing the highest decline in sales among Western European countries. In line with this, 80% of the French manufacturers consider their business situation to be unsatisfactory. Only 12% of the interviewees believe the situation will fundamentally change in the next six months.

On the positive side, Spain and Great Britain are expected to see moderate growth.

Apart from the lower expectations among implement, harvesting and tractor manufacturers, the livestock equipment segment now also expects lower sales during the next half of the year (when compared to the high levels recorded in previous months).

Overall turnover expectations for 2014 and 2015 remain nonetheless confident. Many companies in the sector, especially those producing for the livestock sector, still believe they will be able to record higher revenues in 2014. As regards 2015, one in two European manufacturers still expects a slight increase.

In terms of employment, the reaction to the current decline in orders is a higher layoff for temporary workers.