CECE Annual Report 2019: all the numbers
According to the CECE, an organization that represents and promotes equipment for European construction and related industries, 2018 has been the strongest year for the European construction machinery sector after the economic crisis of 2008. It is one of the data that emerges from the last CECE annual report, drawn up in March 2019.
The main elements taken into consideration concern:
- sales growth of European market
- main growth areas
- attention to the global situation
From the surveys carried out, sales on the European market increased by 11%: the trend changed considerably during the year. From 5% in the first quarter (compared to the same period in 2017), there has been a growth up to 8.5% and 9.4% in the second and third quarters.
This is also the result of geographical surveys.
The European situation observed by the CECE 2019 annual report
Most regions of Western and Northern Europe have experienced a steady growth. Many of these markets have reached new historical levels, since they come from already high levels. The markets of southern Europe and central and eastern Europe continued with their recovery path and have grown to above-average levels.
Russia confirmed the positive trend of the previous year; while Turkish market was the only negative exception. After a start that bodes well, the Country has fallen victim to a discouraged mood and has thus registered a second time with an unhappy trend.
2019 annual report: what are the forecasts for the new year?
No significant changes are foreseen for the current year.
In a few words the report forecasts:
- the expansion of the mining and construction sector
- increase in raw material prices
- the growth of global construction machinery sector
If global developments are not obscured by the aggravation of trade conflicts, we can hope for an increase in sales from 5% to 10% on the world market. Certainly, the current events (such as, for example, Brexit) could affect the entire European market, slowing the strong growth that occurred in 2018.
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