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.”
The general business climate index for the agricultural machinery industry in Europe has risen slightly for the first time since its sharp decline in the course of the Russian war against Ukraine, according to the July update to the CEMA Business Climate Index.
The general business climate index for the agricultural machinery industry in Europe has continued to fall after its sharpest drop since the crash in the wake of COVID-19, but is still holding at a positive level.
The general Business Climate Index for the Agricultural Machinery Industry in Europe remains at a high level, without any significant changes over the last 3 months, according to an update from the European Agricultural Machinery Assn.
Several of the European Union’s top ag engineering businesses have announced plans to invest in new research, testing and production facilities in the next years.
A 12% increase in revenues from European Union countries helped tractor and harvester maker SDF Group offset a dramatic fall from sales in Turkey to maintain 2018 group revenues at a level consistent with preceding years.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.