The CEMA business climate index for the agricultural machinery industry in Europe has risen slightly again after a minor decline in the previous month. In November, the index increased from +4 points to +9 points (on a scale of -100 to +100).
The overall index shows comparatively little movement in the slightly positive range for several months, without any narrowing of the spread between negative current business evaluations and positive future expectations. In many segments the upturn has still not materialized in business. In addition, following the strong order intake in recent months, industry representatives have meanwhile further lowered their expectations for incoming orders in the coming months.
With a view to the European market, however, survey participants this time raised their expectations significantly higher than for the production side. On the one hand, the confidence index remains still low for France, especially when broken down into the large segments of tractors, arable and harvesting equipment. On the other hand, Germany has improved considerably, and positive expectations for other important markets such as Spain, Italy, the UK and Poland have once againbeen clearly confirmed.
