| Date |
Report Title |
| February 20, 2022 |
Early Read on Post-CNY Demand Below Expectations; Autos Hold Up, ICE Recaptures Share; Industry Sentiment Cautiously Optimistic on Stimulus Hopes |
| December 19, 2021 |
2022 China Outlook for Industrials Mixed, but Risks Positively Biased; Favor Autos, Automation; Incrementally +ive Elevators, -ive Aero; Remain Cautious Machinery |
| October 20, 2020 |
3Q20 Construction & Mining Equipment Survey: Continued strength in sales and orders; Pricing improved |
| April 20, 2020 |
1Q20 Construction & Mining Equipment Survey: Sales and orders fall sharply; Outlook index indicates near-term rebound, but muted full-year growth; Price pressure eased |
| April 1, 2020 |
Construction Equipment Sector Comment: Checks Suggest Mar Excavator Sales Much Better than Expected; Estimating Mar Machine Hours >100 |
| January 17, 2020 |
4Q19 Construction & Mining Equipment Survey: Sales and orders ticked up, while pricing stabilized; 2020 outlook mixed |
| December 20, 2019 |
China Construction Equipment Checks: 2020 Expectations Negative, but Near-Term More Upside than Downside Risk; No Let Up Seen in Price War |
| October 22, 2019 |
3Q19 Construction & Mining Equipment Survey: Sales and orders stabilize; Receivables improve; Downside risk remains |
| September 19, 2019 |
Mid-3Q19 Construction & Mining Equipment Survey: Sales and orders show signs of stabilization; Downside risk remains |
| September 9, 2019 |
Key Takeaways from BICES 2019: Inventory stuffing and increased promotions supporting equipment demand |
| July 17, 2019 |
2Q19 Construction & Mining Equipment Survey: Sales index 11-quarter low; Deteriorating pricing; Outlook moderated |
| June 24, 2019 |
China Construction Equipment Checks: Cautious June Excavator Checks; Negative Cycle Ensuing; Reiterate CAT as Top Short in Sector |
| June 19, 2019 |
Mid-2Q19 Construction & Mining Equipment Survey: Sales and orders index 11-quarter low; Outlook declined |
| May 24, 2019 |
Construction Equipment Sector Comment: Walking Around the Changsha Construction Show; Negative pricing and credit trends key themes; Excavator sales growth likely peaked; May tracking below expectations |
| April 16, 2019 |
1Q19 Construction & Mining Equipment Survey: Moderating industry optimism; Sales and orders index ticked down |
| March 26, 2019 |
China Construction Equipment Checks: Signs of All-out Price War in Excavator Market; Industry sentiment cautious despite strong 1Q19 sales to-date |
| January 17, 2019 |
4Q18 Construction & Mining Equipment Survey: Sales and orders tick up; Industry optimism and outlook declined |
| December 19, 2018 |
Mid-4Q18 Construction & Mining Equipment Survey: Modest improvement in sales, orders, pricing; Gov’t spending up |
| October 17, 2018 |
3Q18 Construction & Mining Equipment Survey: Survey trends deteriorate; No uptick from fiscal stimulus yet |
| September 19, 2018 |
Mid-3Q18 Construction & Mining Equipment Survey: Sales and orders tick down; Pricing deteriorated again |
| July 18, 2018 |
2Q18 Construction & Mining Equipment Survey: Sales and orders remained strong; Pricing and outlook deteriorated |
| June 14, 2018 |
Mid-2Q18 Construction & Mining Equipment Survey: Sales and orders remained strong; Pricing and outlook deteriorated |
| May 16, 2018 |
Construction & Mining Equipment Sector Comment: Domestic brands see big share gains; CAT market share trend negative |
| April 18, 2018 |
1Q18 Construction & Mining Equipment Survey: Strong quarter, but no change to outlook as growth moderates |
| March 20, 2018 |
Mid-1Q18 Construction & Mining Equipment Survey: Industry sentiment rebounds as peak season off to strong start; Peak demand thesis intact |
| February 28, 2018 |
Construction Equipment Sector Comment: Excavator Channel Checks Suggest Weaker Start to the Year |
| January 18, 2018 |
4Q17 Construction & Mining Equipment Survey: Survey failed to confirm 4Q sales upside; Remain cautious despite recent strength |
| December 20, 2017 |
Mid-4Q17 Construction & Mining Equipment Survey: Demand trends remain robust, but industry optimism declining; 2018 outlook positive |
| October 23, 2017 |
3Q17 Construction & Mining Equipment Survey: Robust 3Q17; Mining aftermarket showed further improvement; Dealer sentiment moderated |
| September 25, 2017 |
Walking Around Beijing Construction Show: Industry participants more cautious than expected despite underlying strength; Red flags raise concerns about 2018 outlook |
| September 14, 2017 |
Mid-3Q17 Construction & Mining Equipment Survey: Solid trends through mid-3Q17; Forward sentiment moderating |
| July 14, 2017 |
2Q17 Construction & Mining Equipment Survey: Positive 2Q17; Signs of increased caution towards outlook |
| June 15, 2017 |
Mid-2Q17 Construction & Mining Equipment Survey: Mixed sequential trends, but overall demand positive; Continued uptrend in mining |
| May 12, 2017 |
1Q17 Wrap: China Drives Growth – Where Do We Go From Here? Auto Forecasts Remain Too Optimistic; Process is Sole Sector with Accelerating Growth Trajectory into 2018 |
| April 19, 2017 |
1Q17 Construction & Mining Equipment Survey: Strong quarter; Mining aftermarket cycle-high; Increased 2017 outlook |
| March 15, 2017 |
Mid-1Q17 Construction & Mining Equipment Survey: Strong near-term demand; Mining aftermarket cycle-high; Competitive pressures persist |
| January 17, 2017 |
4Q16 Construction & Mining Equipment Survey: Strong quarter; 2017 outlook ticked up on positive N/T trends |
| December 15, 2016 |
Mid-4Q16 Construction & Mining Equipment Survey: Positive trends continued; Further improvement in pricing outlook |
| November 15, 2016 |
Early 4Q16 Construction & Mining Equipment Survey: Sales and orders improved; Continued abatement in price pressure; 2016 and 2017 outlook revised up |
| October 17, 2016 |
3Q16 Construction & Mining Equipment Survey: Pricing improved; 2017 outlook positive, but property policy a red flag |
| September 14, 2016 |
Mid 3Q16 Construction & Mining Equipment Survey: Sales/orders indices improved; 2017 outlook ticked up |
| August 15, 2016 |
Early 3Q16 Construction & Mining Equipment Survey: Sales and orders moderated; Initial 2017 outlook positive |
| July 15, 2016 |
2Q16 Construction & Mining Equipment Survey: Sales and orders improve; Mining aftermarket bottoms |
| June 14, 2016 |
Mid 2Q16 Construction & Mining Equipment Survey: Signs of stabilization following pullback; Shift to Neutral |
| May 13, 2016 |
Early 2Q16 Construction & Mining Equipment Survey: Sentiment at six-month low; Sales and outlook moderated |
| April 19, 2016 |
Chinese Competition A Structural Pricing Headwind |
| April 18, 2016 |
1Q16 Construction & Mining Equipment Survey: Positive 1Q16; Sustainability the key question |
| March 15, 2016 |
Mid-1Q16 Construction & Mining Equipment Survey: Quarter-to-date trends tracking above 4Q15; Mining still negative |
| February 16, 2016 |
Early 1Q16 Construction & Mining Equipment Survey: Encouraging start to quarter; January ticked up |
| January 14, 2016 |
4Q15 Construction & Mining Equipment Survey: Stabilizing quarter; December uptick |
