The general business climate index for the agricultural machinery industry in Europe remained broadly unchanged in November 2026, holding close to the previous month's level, which was the lowest in 20 months. The index stands at -32 on a scale from -100 to +100.
The weak assessment of current business continues to weigh on the index, and expectations for the coming months remain subdued: 58% of respondents rate their current business situation as unfavourable or very unfavourable, and only 19% expect turnover to increase over the next six months. The current business evaluation for arable equipment has fallen to a historically low level after repeated sharp declines.
Livestock equipment is still the only positive exception, with 77% of manufacturers satisfied with their current situation. With 2.9 months of production, the order volume is at its lowest level for this time of year in seven years. Fewer than 25% of the surveyed companies have orders covering more than three months.
