Contractors and OEMs have been releasing their first quarter 2023 financial reports, with the results mostly being positive. Caterpillar announced sales of US$6.7 billion for its construction industries section, an increase of 10% from the first quarter of 202. Contractor Hochtief saw its order book rise 30% in the first quarter of 2023, Jacobs saw revenue up by of 12.4%, and sales for Vinci’s construction segments increased 13% in Q1. Wacker Neuson announced “significant” growth in its financial results for Q1 and Volvo CE reported an increase of 11% in its global sales for the first quarter of 2023, compared with the same period last year.