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Article: Construction Equipment Sales to Fall Off in 2005.
- Article from:
- YON - Yonhap News Agency of Korea
- Article date:
- January 11, 2005
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SEOUL, Jan. 11 (Yonhap) -- Weak market demand is expected to cause construction equipment sales to dip for the first time in four years in 2005, an industry body said Tuesday.The Korea Construction Equipment Manufacturers Association said the local construction equipment sector holds a pessimistic business outlook for this year after a sharp decline in orders in 2004, citing a survey of its members. The survey revealed the construction equipment firms expects to sell around 16,500 units domestically, down from 7.5 percent last year.Domestic sales fell 5.4 percent year-on-year in 2001 before posting gains as the construction sector played a key role in ...