May tractor figures increase

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The Agricultural Engineers Association (AEA) report May’s agricultural machinery sales figures have increased by 4.1 per cent.

UK registrations of agricultural tractors (over 50hp) remained ahead of last year for the month of May, showing a marginally smaller year-on-year increase than April at 4.1%.
Every month of the year to this point has seen a rise, and the five month total is up 16.7% at 5,104 units.

Tractor sales in the UK started to improve in the first half of 2017, after a period of relative decline.

Meanwhile, AEA says UK exports of agricultural and outdoor power products rose by 3.1% in 2016 to £1.76 billion.

The EU remains the UK’s key trading partner taking 62% of all exports, up from 60% in 2015.

Other European destinations accounted for a further 7%, while North America’s share of exports declined to 17%.

AEA

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