If new export statistics are an indication, the recovery train is starting its slow chug for U.S.-based manufacturers of construction equipment.
Compared to the previous year, U.S. construction machinery exports dropped more than 38 percent in 2009, to a total value of $12.8 billion, the Association of Equipment Manufacturers (AEM) reported March 4. AEM consolidates U.S. Commerce Department data for off-road equipment with other sources to develop its quarterly export trend reports.
However, there was a silver lining in those dark 2009 numbers. The year's fourth quarter saw a 26-percent gain in the value of exports over the previous three-month period. |
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