The general business climate index for the agricultural machinery industry in Europe has stopped its first significant upward trend since the sharp declines in the course of the Russian war against Ukraine, but remains still at a relatively good level.

CEMA's general business climate index rose to a reading of 36 in February from a reading of 30 in January. 

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.”