US exports of construction equipment fell by 25% in the first three quarters of the year compared to last year, following a 15-quarter decline for the industry, according to the Association of Equipment Manufacturers. With the global economic malaise, the slowdown in emerging markets and the negative interest rates seen in several economies’ bond markets, investment is flowing to the U.S. and U.S. stocks, driving up demand for our dollar, inadvertently affecting our competitiveness abroad.” According to Benjamin Duyck, the association’s director of market intelligence, the decline likely comes as increased dollar valuations have made US manufacturers less competitive in the global marketplace. The slowdown is also affecting other parts of the economy, including manufacturing, which has been hit hard by China’s economic slowdown.
US exports of construction equipment fell by 25% in the first three quarters of the year compared to last year, following a 15-quarter decline for the industry, according to the Association of Equipment Manufacturers. According to Benjamin Duyck, the association’s director of market intelligence, the decline likely comes as increased dollar valuations have made US manufacturers less competitive in the global marketplace. The slowdown is also affecting other parts of the economy, including manufacturing, which has been hit hard by China’s economic slowdown.