Business climate starts 2018 keeping its upward trend

The general business climate index of the agricultural machinery industry in Europe keeps on a very good level with only a few changes. The evaluation of the current business has further improved reaching its highest value since 2011. Nonetheless, future expectations are no longer as high as in the last months.

The breakdown by product segment shows business climate for tractors remains below the industry average (both, future and current business evaluation). For the arable equipment segment, order intake expectations have slipped below the total industry average, which may signal that the upswing is going to slow down.

On the other hand, manufacturers of livestock equipment still appear to be not worried about prospects of lower milk prices.

In all European markets, the majority of surveyed company representatives expect turnover increases. This month, the Netherlands reaches the third position on the market ranking following  Germany and the UK. Poland is no longer rated as euphoric as last month, but remains on high level. The Scandinavian countries, and even more the CIS countries, have already reached the top of the upswing. Unfortunately, Spain ends up at the bottom of the country ranking again.