Elevator World

Welcome to the Elevator World News Podcast. Today’s podcast news podcast is sponsored by elevatorbooks.com: www.elevatorbooks.com ELEVATOR INDUSTRY COVID-19 SURVEY RESULTS ANALYSIS Elevator World, Inc.; the German elevator association VFA Interlift e.V. and fair organizer AFAG, in association with Credit Suisse, recently shared results of a survey of elevator industry representatives on the current industry status and anticipated effects of the COVID-19 pandemic on business. 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 leans toward “challenging,” with 34% answering “bad,” 26%, “good” and the remaini