After a decrease in 2015, sales are expected to drop further in 2016
The European agricultural machinery industry is experiencing a difficult year in 2016. Following a decline last year, many markets in Europe have seen further decreases during the first six months of the current year.
Agricultural machinery sales in almost all markets of the CEMA network (Belgium, France, Germany, Italy, Netherlands, Spain, UK) are down in the first half of 2016. It is expected that markets will decline further in the second half of 2016 with rates of decline up to 9%, as in Germany. Spain is a notable exception with an expected increase of 9.5% in 2016. The French market is also performing well so far (+7%), yet is expected to weaken during the second half of the year to decline by 2%.
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