ANNUAL AVERAGE PRODUCTION WILL EXPAND THROUGH THE END OF THIS YEAR, BENEFITING EPTDA MEMBERS
Year-over-year growth in Europe’s machinery production markets is a positive sign for EPTDA members this year. However, Europe Industrial Production and Europe Machinery Production are nearing the top of the business cycle and mild decline is expected for both indicators by mid-2019. Signs of this upcoming trend are already evident in the Europe Leading Indicator and the Eurozone Composite Purchasing Managers Index, which are both below the year-ago level.
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