Europe’s Ag Equipment Makers Expect 5% Decline in 2014

Following the boom of the past 3 years, demand for agricultural machinery in Europe has weakened in 2014, according to the European manufacturers’ association CEMA. “For 2014, we expect the market to be around 5% below last year’s level,” said CEMA President Richard Markwell during a press conference held on November 13 at the EIMA trade show in Bologna, Italy.

Nonetheless, the overall sales volume for 2014 will still represent the second highest level of…

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