Construction equipment manufacturers expect overall business to close out 2011 with double-digit increases over last year in the U.S., Canada and worldwide, according to the annual business "outlook" survey from the Association of Equipment Manufacturers (AEM). Growth is expected to continue, but at a slower pace for 2012 through 2014.
Each year AEM polls its construction equipment manufacturer members about anticipated sales of the machines and equipment that build and repair roads, bridges, houses, offices, schools and other infrastructure worldwide. Respondents were asked to rank several factors affecting future business.
According to respondents, the state of the general economy, including consumer confidence and credit availability, plus steel prices and the protracted slump in single-family housing starts, are significant negative factors influencing future sales. A key positive factor cited was the continued strength in export demand. However, the lack of substantial action on highway funding was cited as a negative factor, with respondents more hopeful for positive results in 2012.
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