The European construction equipment market is performing relatively well

A report  from the European construction equipment manufacturing association, CECE,  shows that, excluding Russia, the European market for construction machines grew by 3,5% in 2015 and it forecasts a slight increase in business for 2016. The CECE Barometer shows that the market grew significantly in the first quarter of 2016. There are encouraging signs of improvements in machinery demand in Southern Europe, particularly in Italy and Spain. Fuelled by infrastructure investments, Central and Eastern Europe should continue their growth. France could win back a portion of what was lost in 2015. The high volume markets like Germany, the UK, Nordic countries, Benelux, and Austria and Switzerland are not expected to see further growth, but a slump isn’t expected either.

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