In light of Trump’s tariffs, analysts highlight ASEAN’s risks from trade tensions but remain optimistic about the region's resilience. Singapore’s semiconductor industry stays cautious, exporters diversify suppliers and customers amid uncertainties.
Even though incoming orders increased slightly in the first quarter of the year, forecasts for the mechanical engineering sectors remain cautious. The uncertainty is too great - especially with regard to the USA's customs policy.
The VDMA Agricultural Machinery Association anticipates extremely subdued development on the global agricultural machinery markets in 2024.
High uncertainty weighs on demand for capital goods.
Centralized survey will kick off after Easter holidays. Participation enables benchmarking against the mechanical engineering sector and will allow for a sub-sector view.
On a monthly basis, our economic update gives a brief overview of the ecomomic situation of the construction equipment industry, e.g. order income, turnover, business climate and trade figures.