CECIMO Business Climate Barometer – Q3 2022
Based on the latest results from the CECIMO Business Climate Barometer, our machine tool manufacturers have expressed higher than expected optimism about the overall business climate for the third quarter of 2022. However, as the global business situation worsened, their expectations for the upcoming quarter remained moderately negative.
In terms of other expectations for the last period (Q4 2022), we see slightly lower, but still positive expectations for domestic production but better, and not negative expectations for exports, compared to last quarter's expectations.
As shown in the chart below, our MT builders continue to express a very high average operating rate. The third quarter of 2022 is above what was reported in the third quarter of 2019 (before the COVID-19 crisis).
More information will be published in our next Economic and Statistics Toolbox (Q3 2022).
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