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| AEM's Annual "Outlook" Report of Business Conditions Construction equipment manufacturers expect overall industry growth to continue through 2006, but at a somewhat slower pace than 2005, with gains predicted across U.S., Canadian and other worldwide markets, according to an annual business forecast conducted by the Association of Equipment Manufacturers (AEM). Each year, the North-American based AEM trade group polls its construction equipment manufacturer members on anticipated industry-wide performance of this multibillion-dollar industry. In AEM's latest "outlook" report, construction equipment business in the U.S. is anticipated to close on a strong note for 2005, with increases of 13.9 percent, followed by 2006 growth of 9.3 percent. For Canada, construction machinery sales are predicted to gain 13 percent by year-end 2005 and then increase 8 percent in 2006. The forecast for other worldwide markets is 8.4 percent growth for 2005, followed by 2006 gains of 9 percent. write your comments about the article :: © 2005 Construction News :: home page |