The general business climate index for the agricultural machinery industry in Europe has risen slightly back to its June level. In August, the index increased from 0 points to +4 points (on a scale of -100 to +100).
Overall turnover expectations have fallen slightly this time, while improved evaluations of the (still negative) current business situation have lifted the general business climate.
After the volume of orders has been significantly reduced in 2023 and 2024, it now corresponds to a production period of 3.1 months, which is an average value compared to typical years prior to 2020.
Tractor and harvesting machine manufacturers continue to evaluate both current business and turnover expectations below the industry average, whereas the market for livestock equipment is booming.
With a view to the European market side, the confidence index remains low for France and Germany, especially when broken down into the large segments of tractors, arable and harvesting equipment. By contrast, confidence remains strong for other important markets, with Poland, Spain, Scandinavia and the UK leading the European market ranking.
