U.S. Farm Machinery and Equipment Supplies Shipments through October were down 3.9% from 1 year ago. However, shipments tentatively transitioned to a recovery trend and rising commodity prices bode well for a continued rise in shipments in the coming quarters.
Europe Agricultural and Forestry Machinery Production was also down from a year ago. Annual Production is rising, and some regions of Europe have increased food and beverage consumption which could be an area of opportunity.
NOTE: All data for charts supplied by ITR Economics