China’s stimulus a huge boost for equipment sales

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%.