In its Dec. 14 update, CEMA’s Business Climate Index rose to a reading of +30, showing the EU ag equipment industry has “solidified its first significant upward trend since the sharp declines in the course of the Russian war against Ukraine.”

Improvements in industry sentiment were recorded among participants in all segments.

Survey responses indicated supply chain issues have become more prevalent only in tractor and harvesting equipment production vs. other market segments “increasingly able to realize their orders.”

On average, respondents forecast their annual revenue to be up 5% year-over-year in 2023.

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