The Construction Machinery industry’s weakness has become expected or accepted. Companies should look to the U.S. Construction Machinery market for growth opportunities as headwinds from low commodity prices diminish into 2017. The U.S. Mining Machinery Production should see signs of recovery taking hold later this year, as commodity prices have begun rising mildly.
Europe’s Construction and Mining indices, however, show continued negative internal trends which suggest further declines are likely this year. Conversely, Agricultural Machinery Production’s recovery is being hindered by commodity prices in the U.S., but is persisting in Europe which may continue into the next quarter.
