The European association says that its Business Barometer, based on the opinions of industry representatives, found that the demand boost seen over the last months continues to cover the sector in its entirety. This has seen CECE’s business climate index hit record levels in April and May.
However, while the demand side exhibits a very positive picture, the supply side is increasingly challenging for manufacturers. Low stocks of finished machines and longer delivery times due to unavailability of components could limit further sales growth.
Every month CECE asks around 220 senior European construction equipment industry representatives about their opinion on the state of industry with the objective of obtaining a regular business trend indicator and describing the economic climate.
The CECE Business Climate Index summarises the survey answers on the evaluation of the current business situation and the expectations for the next six months regarding sales.