Is an Equipment Buying Boom Coming? OEMs Express Elevated Optimism

OEM respondents to the Association of Equipment Manufacturers’ Q1 survey are showing elevated optimism about the year ahead. “Based on the qualitative perceptions of our members, given by what we’ve been through last year, I could say we’re solidly in the boom period in our industries,”says Benjamin Duyck, AEM’s director of market intelligence. Each quarter, AEM asks its manufacturer members to assess market demand, with questions about new orders, production, work backlog and inventories, among other things. Respondents give their perceptions of equipment demand year-over-year and quarter-over-quarter and how they expect demand to evolve over the next 12 months.   READ FULL ARTICLE >>