Equipment Manager Confidence Drops

Confidence among equipment managers fell in the fourth quarter, according to the Equipment Manager Confidence Index, published by Construction Equipment. The Q4 2021 Index is 105, down from the 117 reported in the third quarter of this year. The Index returned to its Q2 level, when it was 106. It had been as low as 99 in June 2020. The Index measures equipment manager confidence on a scale of  0 to 200, with 200 indicating full confidence that the next month will be “better.”