Manufacturers Are on a Roll But the Gravy May Be Slowig

Hampton, Tudor
May 2005
ENR: Engineering News-Record;5/16/2005, Vol. 254 Issue 19, p18
Trade Publication
The article focuses on the financial status of the construction equipment industry of the U.S. The U.S. economy slowed in the first quarter, slipping to a 3.1% annual rate from its previous 3.8% pace. That may be starting to pull down monthly construction equipment shipments, but they still are way ahead of where they were a year ago and so are prices. Volvo just unveiled a 70-ton hydraulic excavator, the largest in its line, slated for production in Korea this fall. Bermuda-based Ingersoll-Rand Co. sold 16% more product during the first quarter, due largely to Bobcat and other equipment demand. Equipment prices are up 3 to 4% this year, according to government data.


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