Those who are involved in the construction equipment industry could start seeing positive numbers in the near future.
According to a survey conducted by GE Capital, Equipment Finance, about 75 percent of that survey is expecting retail sales of construction equipment to increase by at least 3 percent in 2013. That number is 10 percent from last year’s survey.
Three-quarters of the respondents stated the best time to purchase new equipment will be the first half of 2013.
According to the respondents, the positive numbers are directly reflective from the improving U.S. economy. About 20 percent of the respondents said the other important factors include the rising prices for construction materials and access to credit for end-users.
To stay on top of developing trends, participants can access GE Capital’s Construction Industry Research Monitor here: http://www.americas.gecapital.com/insight-and-ideas/industry-research.
GE Capital’s survey was conducted Jan. 15-17, 2013. The 49 respondents included a variety of construction industry participants.