Document: 2023-01_CEMA_Business_Barometer_Report.pdf

 The general business climate index for the agricultural machinery industry in Europe has confirmed the level it had achieved from its first significant upward trend since the sharp declines in the course of the Russian war against Ukraine. In January, the index maintained its solid December level of 30 points (on a scale of -100 to +100).

Growth prospects have improved the most for livestock equipment and are currently lowest for lawn, garden and municipal equipment. Supply constraints continue to challenge the production of tractors and harvesting equipment, while manufacturers in many other segments of the industry seem increasingly able to realize their orders.

At the same time, the expectation for the coming order intake, an indicator which does not feed into the general Business Climate Index and which had been predominantly negative in recent months, has further improved significantly.

The market side in Europe as a whole seems to be regaining additional momentum. The regional breakdown shows for almost every single European market an increase of survey participants expecting turnover growth in the coming six months, with the large market France at the top of the country ranking. Current dealer stocks of both new and used machinery remain low across Europe and may still be below optimal levels in some markets.

 2023 01 Barometer