London – Global polyurethane machinery-makers' confidence took a knock in 2020, but is just above the long-term average.
Machinery sector business confidence returned to average in 2020
In 2020, the UTMcIndex was 4.7, down from an all-time high of 6.19 in 2019. The average from 2012, when we started calculating the index, is 4.67. Over the past five years, the industry has been becoming slightly more optimistic, returning an average value of 5.0
Urethanes Technology International/UTECH-polyurethanes.com generated this year's Index after surveying machinery companies across the world in February and early March 2021.
The companies were asked if they wanted to expand their business, upgrade facilities, consolidate, build new plants, buy competitors, or sell part or all of the company.
We then normalise the results in each category by the number of respondents, and an index is calculated. This accounts for how positive the actions are.