Construction machinery manufacturers optimistic about business growth in 2004

Published Saturday, November 01, 2003

The construction machinery manufacturing industry expects overall business to remain slow through the end of 2003, but then anticipates 2004 growth in the 3% to 5% range, according to an annual industry forecast of the Association of Equipment Manufacturers (AEM). Sales increases in 2004 are predicted for all major product groups covered in the AEM forecast, with the biggest gains in United States business. Machinery manufacturers participating in the annual AEM “outlook” survey expect construction equipment business in the United States to close out 2003 with a 0.4% loss, followed by 2004 growth of 5.5%. For Canada, construction ...

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