Inside the News - Edition #833

Allan Leibowitz -
Inside the News
- 10 Aug 2017 ( #833 )
1 min read
This week's crop of financial reports continues the good news we saw last week.
Jungheinrich had another impressive quarter, with net sales up 22% and production rising 12% from the same period last year.
The stand-out region for the German giant was China, where half-year volumes soared by 41%.
Meanwhile, compact equipment manufacturer Wacker Neuson notched up record revenue levels for the second quarter of 2017, up 11% from 2016, while EBIT rose more than 40%.
And we also read this week that more than half of forklift users in the US are planning to buy new equipment in the next 12 to 24 months. Most of the purchases will be replacement equipment, with 42% of businesses expanding their fleets.
So, it looks like there are plenty of opportunities for manufacturers and dealers as the economy continues its steady growth.
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