New Construction Equipment Orders up 15.6% from the Year-Ago Level

Global inflation and the war in Ukraine continue to affect the market.

Market Update Adobe Stock 483596292

The lead indicator for the U.S. signifies an annual growth rate decline for the U.S. industrial sector into at least early 2023. However, new construction machinery orders were up by 15.6% above 2021 levels. At the same time, new, heavy-duty truck production has also increased. With the war in Ukraine continuing, the Europe Leading indicator moved lower in June.    

READ MORE: Third Quarter 2021 Continues to Show Strong Market Demand

View the corresponding Equipment Market Outlook charts for more data

NOTE: All data for charts supplied by ITR Economics