Leading Indicators in the U.S. and Europe are showing signs for potential rise in the early half of 2021. However, new shelter-at-home restrictions in parts of Europe and elsewhere could hinder the rising trend.
Construction and agricultural machinery markets continue to be down from 2019, but some positive trends were seen in the third quarter, indicating possible market strength in the coming months. Recovering commodities are helping the markets, though new lockdown measures could pose a downside risk.
NOTE: All data for charts supplied by ITR Economics