CECE Business Climate Index shows notable resilience

CECE’s Business Barometer index stayed on high levels throughout the first quarter of the year. With incoming orders calming down slightly – especially on the European home market – industry order backlog and production capacity utilization are getting closer to normal levels. European manufacturers are still most optimistic about the North American market.

To a lesser extent, there is also confidence in Latin America and India. All European markets are currently seen positive by the manufacturers.