China’s stimulus a huge boost for equipment sales
By Andy Brown28 May 2021
Global construction equipment sales were stronger in 2020 than had previously been forecast, due to the spending stimulus implemented by China as a reaction to the pandemic and construction work being deemed ‘essential’ in large parts of the world, according to Off-Highway Research.
Before Covid-19 Off-Highway had predicted that global equipment sales would see a modest downturn in sales, following the peaks of the two previous years. The overall decline was expected to be approximately 5%.