Document: 2023-04_CEMA_Business_Barometer_Report.pdf

The general business climate index for the agricultural machinery industry in Europe has now entirely left its first significant upward path since the sharp declines in the course of the Russian war against Ukraine but is still at a relatively good level. In April, the index decreased from 24 to 16 points (on a scale of -100 to +100).

After the deterioration in evaluations for the current business, industry representatives have now also downgraded their future expectations. While considerable easing can be observed on the supply side, uncertainties are increasing with regard to the market side, and confidence levels are declining accordingly.

The regional breakdown on the market side shows that some of the large markets such as France, Germany, Italy, Spain and Poland are losing further momentum. Current dealer stocks of both new and used machines are still relatively low across Europe, but have now been noticeably restocked, particularly in Poland and France. 

2023 04 Barometer