Staying down

News August 14, 2001
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Shipments of construction equipment continued to decline in the second quarter of 2001, according to the latest report of conso

Shipments of construction equipment continued to decline in the second quarter of 2001, according to the latest report of consolidated manufacturers' data released by the Construction Industry Manufacturers Association (CIMA).


Seasonally adjusted second quarter 2001 business volume was down 9.2 points from the previous quarter and also recorded a 9.1-point drop compared to last year's June figures, according to CIMA's Shipments Index. The index--which covers compaction equipment; crushers; cranes; asphalt pavers; cold planers; soil stabilizers; rock drills; screening equipment; horizontal feeders; portable air compressors; mounted breakers; concrete pavers; pneumatic tools; and boom trucks--has recorded steadily declining numbers since December 2000.


Annual percentage changes in the CIMA index, which are not seasonally adjusted, have shown double-digit drops since January of this year. However, the rate of change slowed a little from a 30% decline in May business compared to the previous year to a June annual decline of 18.5%.


"It's too soon to tell if we've hit the bottom and business will start to pick up," said CIMA President Dennis Slater.



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