Driven by rising construction activity, an opinion survey of contractors, fleet managers, equipment dealers and rental shops is showing a generally positive outlook for the U.S. construction equipment market in the next year.
“Optimism is at a twenty-year high,” says John Crum, head of the construction group at Wells Fargo, which conducts an annual forecast of equipment industry attitudes. The forecast’s Optimism Quotient [OQ] is its most prominent metric, tabulating how members of the equipment industry feel about the near-future of the business in their region.