The general business climate index for the agricultural machinery industry in Europe has continued its first significant upward trend since the sharp declines in the course of the Russian war against Ukraine. In February, the index increased from 30 to 36 points (on a scale of -100 to +100).
A slowdown in demand is not in sight in the short term and in addition to a strong demand side, now, finally, considerable easing is arriving on the supplier side.
Bottlenecks continue to challenge the industry and the volume of orders corresponds currently to a production period of 6.9 months, which is another all-time high ever recorded within this survey. However, order backlogs may now finally have reached their maximum. Manufacturers are increasingly able to realize their orders, which increases the current turnover and turnover expectations accordingly.
