While U.S. Construction Machinery New Orders through February were even with 1 year ago, the quarterly New Orders trend was up 16.9% due to strength in the single-family housing market. Meanwhile, quarterly U.S. Exports of Farm Machinery was up from 1 year ago, indicating rising shipments in the coming quarters.
In Europe, Agricultural and Forestry Machinery Production was rising in February although down 2.2% from 1 year ago. Rising Soybean Futures Prices are expected to drive a further increase in production in at least the near term.
NOTE: All data for charts supplied by ITR Economics