September 2022 Equipment Market Outlook

US Industrial Production and Construction Machinery New Orders Above 2021 Levels.

Adobe Stock 220676590
安琦 王, Adobe Stock

While the leading indicators in both the U.S. and Europe declined, construction machinery new orders in the U.S. increased 11.9% above their level one year ago. In addition, in the three months through October, U.S. industrial production was 3.8% above the same period one year ago. With backorders prominent among manufacturers, this number is predicted to continue its increase.

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