News

After an almost uniform downturn across the sector in Europe in recent years, it seemed at times that the worst was over. However, CLIMMAR's 16 member companies, which represent around 15,000 companies in the trade and servicing of agricultural, construction, municipal and garden equipment, reported a further deterioration in the industry situation. Accordingly, following a minimal recovery, the CLIMMAR index indicates a further decline, reaching levels last seen in 2016. Rising costs and the decline of the new machinery market, which has been falling for almost five years, are particular concerns. A new development is that, in an increasing number of countries within the sector, service revenues from spare parts and workshop operations are no longer compensating for losses in the machinery sector, as had previously been the case. Every six months, CLIMMAR assesses the current economic climate in its 16 member countries, summarising the results as a figure between +3 and -3 — the CLIMMAR Index. 
Regarding the agricultural machinery dealers companies' expectations in the 16 member countries for the near future, some positive trends have emerged. However, the latest global political developments occurred after the survey was conducted, so their impact is not yet reflected here.