Construction Equipment Shipments Still Down

The Construction Industry Manufacturers Association (CIMA) has released its construction machinery shipments index for third-quarter 2001, which shows seasonally adjusted declines of 5 points compared with the previous quarter and a 20.5-point drop compared with third-quarter 2000.

CIMA's index has recorded steadily declining numbers since January 2001, falling in the range of two to four points each month. Annual percentage changes in the CIMA report, which are not seasonally adjusted, have shown double-digit drops since January, but the rate of change had started to slow in the past few quarters.

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