Construction equipment manufacturers expect their sales to continue growing in 2006, but at a slower pace than this year, according to a new survey conducted by the Association of Equipment Manufacturers (AEM), which is based in Milwaukee. The respondents to the survey anticipated to close on a strong note for 2005, with increases of 13.9 percent, followed by 2006 growth of 9.3 percent. For Canada, construction machinery sales are predicted to gain 13 percent by year-end 2005 and then increase 8 percent in 2006. The forecast for other worldwide markets is 8.4 percent growth for 2005, followed by 2006 gains of 9 percent. Each year, the AEM polls its construction equipment manufacturer members on anticipated industry-wide performance. The AEM said the outlook could be tempered by declining consumer confidence, rising interest rates and slower housing starts.
Construction equipment manufacturers still bullish on 2006
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