The monthly CEMA Barometer in November 09 for the first time since 6 months showed an upward movement. The index, which sums up industry’s evaluation of the current situation and the turnover expectations for the next 6 months, increased by 8 points to -61. However, the order intake is still showing high decreases compared to the previous year, with the negative rates in some markets being lower compared to previous months. Accordingly the turnover expectations for the next six months look slightly less negative, especially for Switzerland as well as Central and Eastern Europe. The Iberian Peninsula remains the region with the worst outlook.

Production capacities will be reduced further by half of the European companies within the next 6 months and one third of all companies will also have to continue to reduce their workforce.

These figures are the result of an exclusive monthly online survey among senior managers within the European agricultural machinery industry. A summary in charts is available monthly at the CEMA website. The full set of results including a breakdown by markets and products and monthly special issues is available for participating companies.