Q1 2018 Business Confidence Survey – Results are in!

EFC conducts a quarterly Business Confidence Survey, inviting all key association contacts to participate. Respondents are asked to compare their current quarter and next quarter sales, against the same periods last year.  Almost 80 members provided their feedback for this quarter.

In summary,

  • 81% of respondents felt their business was better/much better compared to Q1 2017, with only 4% reporting worse sales, and 15% reporting no change
  • Looking ahead, 84% of respondents expect Q2 2018 sales to be better/much better compared to Q1 2018
  • 86% of respondents were optimistic,  expecting better/much better sales ONE year from now.  When polled last quarter, this figure was slighting higher, with 91% optimism.  NAFTA negotiations were a common concern that was noted in the survey comments.

To view the overall results of the survey, please click here:   https://www.surveymonkey.com/results/SM-FQN7B5DKL/

Thank you to everyone who responded and we look forward to your continued support and participation.

If you have further questions or comments on the Business Confidence Survey, or have any input on how to improve /expand on the questions, please contact Anne Harrigan, Vice President, Marketing Resource at: aharrigan@electrofed.com or 416-716-1897