Forecasting the construction equipment industry in Europe

Forecasting the construction equipment market in Europe requires analyzing a blend of Macroeconomic factors, such as Construction Confidence, Building Permits, Construction & Materials 300 Index, and Long-Term Interest Rate.

By considering these factors and regularly monitoring industry developments, you can improve the accuracy of your forecasts and make informed decisions.

< 3 mins

Time taken to
identify most
relevant indicators

30+

Relevant
leading
indicators

97%

MAPE
forecast
accuracy

*Indicio captures the group effect of the leading indicators, the relevance ranking of each indicator changes over time.
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Here are the leading indicators identified using Indicio:

Main variable:
Euro Area 20, Eurostat, Production in Industry, Manufacture of Machinery for Mining, Quarrying & Construction (C2892), 2021=100, Calendar Adjusted, SA, Index
Indicator name Influence
Euro Area, Business Surveys, DG ECFIN, Construction Confidence Indicator, Employment Expectations Over the Next 3 Months, Balance, SA ⭐⭐⭐⭐
EU 27 (without United Kingdom), Eurostat, Building Permits, Square Meter of Useful Floor Area, Residential Buildings, Except Residences for Communities, Change Y/Y ⭐⭐⭐
Growth YoY: Euro Area 20, Eurostat, Business Surveys, Eurostat, Sentiment Indicators, Construction Confidence Indicator, SA ⭐⭐
EU, Business Surveys, DG ECFIN, Construction Confidence Indicator, Prices Expectations Over the Next 3 Months, Balance, SA ⭐⭐
Growth YoY: EU, Business Surveys, DG ECFIN, Construction Confidence Indicator, Balance, SA ⭐⭐
Euro Area, Equity Indices, FTSEurofirst, Construction & Materials, 300 Index, Price Return, Close, EUR ⭐⭐
EU, ECB, Interest Rates, Long-Term Interest Rate for Convergence Purposes, Debt Security Issued, New Business, 10 Years, Currency Denominator: All Currencies Combined, Unspecified Counterpart Sector ⭐⭐
Growth YoY: EU 27 (without United Kingdom), Eurostat, Production in Construction, Production (volume), Construction (F), 2021=100, Calendar Adjusted, SA, Index ⭐⭐
Euro Area, Consumer Surveys, DG ECFIN, Consumer Confidence, Balance, SA ⭐⭐
Euro Area 20, Eurostat, Business Surveys, Eurostat, Sentiment Indicators, Construction Confidence Indicator, SA ⭐⭐
Growth YoY: EU 27 (without United Kingdom), Eurostat, Building Permits, Square Meter of Useful Floor Area, Residential Buildings, Except Residences for Communities, Change Y/Y ⭐⭐
Growth YoY: EU, ECB, Interest Rates, Long-Term Interest Rate for Convergence Purposes, Debt Security Issued, New Business, 10 Years, Currency Denominator: All Currencies Combined, Unspecified Counterpart Sector ⭐⭐
EU 27 (without United Kingdom), Eurostat, Producer Prices in Industry, Producer Prices, Industry (Except Construction, Sewerage, Waste Management & Remediation Activities) (B-E36), 2021=100, Index ⭐⭐
Growth YoY: EU 27 (without United Kingdom), Eurostat, Producer Prices in Industry, Producer Prices, Industry (Except Construction, Sewerage, Waste Management & Remediation Activities) (B-E36), 2021=100, Index ⭐⭐
Growth YoY: Euro Area, Consumer Surveys, DG ECFIN, Consumer Confidence, Balance, SA ⭐⭐
Euro Area 19, OECD MEI, Business Tendency Surveys (Construction), Order Books, Level, National Indicator, SA ⭐⭐
New Privately-Owned Housing Units Authorized in Permit-Issuing Places: Total Units ⭐⭐
Growth YoY: Euro Area, Business Surveys, DG ECFIN, Industrial Confidence Indicator, Total Sector, Monthly, Balance, SA ⭐⭐
EU 27 (without United Kingdom), Eurostat, Production in Construction, Production (volume), Construction (F), 2021=100, Calendar Adjusted, SA, Index ⭐
EU, Business Surveys, DG ECFIN, Construction Confidence Indicator, Balance, SA ⭐
Euro Area, Equity Indices, STOXX, Real Estate, Index, Price Return, Close, EUR ⭐
Growth YoY: Euro Area, Equity Indices, STOXX, Real Estate, Index, Price Return, Close, EUR ⭐
Growth YoY: EU 27 (without United Kingdom), Eurostat, Building Permits, Number of Dwellings, Residential Buildings, Except Residences for Communities, Change Y/Y ⭐
Growth YoY: Euro Area, Equity Indices, FTSEurofirst, Construction & Materials, 300 Index, Price Return, Close, EUR ⭐
Growth YoY: EU, Business Surveys, DG ECFIN, Construction Confidence Indicator, Prices Expectations Over the Next 3 Months, Balance, SA ⭐
Growth YoY: Euro Area, Business Surveys, DG ECFIN, Construction Confidence Indicator, Employment Expectations Over the Next 3 Months, Balance, SA ⭐
EU 27 (without United Kingdom), Eurostat, Building Permits, Number of Dwellings, Residential Buildings, Except Residences for Communities, Change Y/Y ⭐
Euro Area, Business Surveys, DG ECFIN, Industrial Confidence Indicator, Total Sector, Monthly, Balance, SA ⭐

Top indicators identified

Construction Confidence Indicator, Employment Expectations Over the Next 3 Months

An indicator showing whether companies expect to increase, maintain, or reduce their workforce in the coming three months. It captures short-term hiring sentiment and signals anticipated labor market trends.

How we can help you

Building Permits, Square Meter of Useful Floor Area, Residential Buildings, Change Y/Y

This variable tracks the year-over-year percentage change in the total permitted floor area for new residential buildings. It reflects how the volume of planned residential construction is growing or shrinking compared with the same period a year earlier, offering an early signal of future building activity and housing supply trends.

How we can help you

Construction Confidence Indicator, SA

A seasonally adjusted measure of how confident construction firms are about their current situation and near-term outlook. By removing predictable seasonal patterns, it provides a clearer view of underlying trends in sentiment within the construction sector.

How we can help you
Indicio has continuously improved our forecasts and added features that automate and support our business process.
Steven Van Poecke
Head of Marketing Intelligence
Toyota Material Handling
TMH
“Indicio was instrumental in achieving higher efficiency and at the same time increase the output from our lean organization”
Anders Nordberg, LF Bank, customer of Indicio.
Anders Nordberg
Head of Macro
LF Bank
LF bank
Indicio advances our overall digital strategy of becoming a data-driven organization, producing accurate forecasts in a fraction of time.
Alexander Noren, a customer that used Indicio
Alexander Norén
Head of Analysis
Skanska
Skanska
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