COVID-19 impact show in confidence index
Chemical Processing reports on the state of the Equipment Leasing and Finance Association’s (ELFA) on May 5th. Most notably the confidence index have declined from 46.0 in March to a historic low of 22.3 in April. This index is called Equipment Leasing & Finance Foundation’s Monthly Confidence Index (MCI-EFI). Read more about the index on the organisations homepage.
It is our belief, that current trends, such as the impact of the coronavirus pandemic will show up in these kinds of measurements before the economic impact is seen one or two months later. So in these uncertain times for the whole times for the whole world, one should pay attention to these leading indicators.
Also as the economy are in a downturn, then it is even more important to focus on the safety of employees and equipment. Otherwise, you may loose both during the crisis.