US Indicators Grow; Europe’s Decrease Further

Europe’s markets continue to be down because of many factors, including the ongoing War in Ukraine.

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Indicators in several markets show that while growth is still slow, several areas are seeing improvement. Annual U.S. construction machinery new orders and U.S. heavy-duty truck production are higher than a year ago.

With inflation threatening and oil and gas prices well above normal, growth in the U.S. will be slow for most of 2022. Europe’s markets continue to be down because of many factors, including the ongoing War in Ukraine.      

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

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