Document: 2019-10_CEMA_Business_Barometer_Report.pdf

The general business climate index of the agricultural machinery industry in Europe is further deteriorating. Meanwhile, the industry is clearly in recession. The business climate is now negative across all segments. Manufacturers of arable and livestock equipment appear to be particularly affected.

On an industry average, not only current business evaluations and turnover expectations are negative. Almost half of the participants also expect further declines in incoming orders (while only nearly one in ten expects an increasing order intake). A slowdown of the downward trend is thus not in sight.

On the European market side, according to the survey, the outlook for the UK is the worst and has reached a new low. France remains as the only positive exception, where a majority of survey participants still expect turnover increases.

France is also the only European market where participants report that dealer stock levels with new machines are currently not above the average of the past three years. The highest above-average stocks with new machines can be seen in the UK and Germany. Dealer stock levels with used machines seem to be above average in all segments throughout Europe. 

Barometer 10 2019