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Construction Machinery Market Crisis: Exports down in the first four Months of 2013

VERONA/ITALY, September 19, 2013 - Data collected by CECE indicate that sales in Europe in the first four months of the year posted a significant drop in all Mediterranean countries (Portugal, Spain, Italy and Greece), while the situation was slightly better in the rest of the continent. The outlook for the rest of the year is positive, although the resumption of sales in summer is unlikely to offset the downturn in the closing months of 2012 and the first months of this year.

Even Euroconstruct has downgraded its forecasts for 2013, with an estimated drop of 3% in 2013 (previously 2.5%) and expectations for growth in 2014 of just 0.5% which in 2015 could rise to 1.7%. The situation in Italy, however, still suffers from major difficulties: the building recession seems not to have bottomed out and it is only towards the middle of next year that an albeit modest turnaround is expected.

There is considerable expectation to see what the "Del Fare" decree recently launched by the Government will actually achieve, and companies - at least those in the residential construction field - are hoping that confirmation of tax incentives for renovation will ensure breathing space for the market. At least in the short term, the go-ahead for public works is unlikely: here, less stringent budgetary constraints at EU level are encouraging certain timid signs of hope. According to the study conducted by Unacea and Prometeia - The Building Market - based on Istat data as of 31 May, 2013 will see a downturn of 4.1% compared to 2012, while 2014 will probably post a further of 1.8%. It is only in 2015 that the trend is expected to improve, although the recovery will be limited.