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Story summary
- The Association of Equipment Manufacturers (AEM) reports a decline in production and direct employment since 2022 as heavy equipment manufacturers prepare for CONEXPO-CON/AGG in Las Vegas.
- In 2025, total sales fell to $902 billion and direct employment decreased to 421,000 workers.
- Direct sales remained nearly unchanged at $265.76 billion.
- The report attributes the struggles to high interest rates, the end of the Infrastructure Investment and Jobs Act, and tariffs.
