Annual U.S. Construction Machinery New Orders transitioned to a rising trend in November due in part to strong demand from the housing sector. U.S. Farm Machinery exports are up, signaling a rise in shipments for the coming quarters.
Europe Agricultural and Forestry Machinery Production was down through November. However, rising Soybean Futures Prices could lead to business cycle rise in the near term. The Europe Leading Indicator rose in December for the eighth consecutive month, suggesting potential recovery.
NOTE: All data for charts supplied by ITR Economics