Industry sentiment experiences a moderate downturn, but stays in the positive area

BCI May 2023
IMAGE SOURCE: CECE - Committee for European Construction Equipment

30 May 2023, 06:15

by CECE (Europe)

CECE's industry sentiment experiences moderate downturn in May 2023
Majority of surveyed companies report sales growth in European market
Moderate downturn in order intake suggests cycle could be close to its end
Order backlog gradually getting back to more normal levels
North America seen as most optimistic market
Positive expectations for Germany, France, and Nordic markets in Europe
Manufacturers increasingly optimistic about Turkish market
European manufacturers not enthusiastic about Chinese market hitting bottom

CECE’s industry sentiment experienced a moderate downturn in May 2023, but clearly stays in the positive area. There is still a sound majority of surveyed companies who report of sales growth on the European market.

However, a moderate downturn of order intake suggests that the cycle could be close to its end. Order backlog is gradually getting back to more normal levels. When it comes to markets, North America remains by far the one seen most optimistic.

In Europe, there are considerably positive expectations for Germany, France, and Nordic markets. Manufacturers are increasingly optimistic about the Turkish market. The assumption that the Chinese market could have hit the bottom does not seem to materialize, and European manufacturers don’t get enthusiastic about that market.

Are you a CECE Member and you want to have the detailed picture? Then participate in the Barometer! You can send an e-mail to info@cece.eu.

Source: CECE - Committee for European Construction Equipment

Industry sentiment experiences a moderate downturn, but stays in the positive area

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