September 2022 Equipment Market Outlook

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

November 6, 2022
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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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