Industry survey received nearly 600 responses worldwide.
by Kaija Wilkinson
Elevator World, Inc., the German elevator association VFA Interlift e.V. and fair organizer AFAG, in association with Credit Suisse, recently shared results of the first of several surveys of elevator industry representatives on the current industry status and anticipated effects of the COVID-19 pandemic on business. The survey was sent out in early July, and the results were tabulated in mid-July. Credit Suisse Managing Director and Head of European Capital Goods Equity Research Andre Kukhnin assisted with preparation of a chart analysis, including breakdowns by country, of the results (excluding China, as only three of the nearly 600 responses were from that country). Calculating results using a method akin to the widely followed, evenly balanced Purchasing Manager Index, observations include:
♦ Overall assessment of the current economic situation leaned toward “challenging,” with 34% answering “bad,” 26% “good” and the remaining 40% “neutral.”