Q3 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.  84 key member contacts provided their feedback for this quarter.

In summary,

  • 69% of respondents felt their Q3 2018 business was better/much better compared to Q3 2017, with 11% reporting worse sales, and 20% reporting no change
  • Looking ahead a quarter, 69% of respondents also expect Q4 2018 sales to be better/much better compared to Q4 2017.
  • Expectations for looking ahead ONE year have improved compared to last quarter.   83% of respondents currently expect sales to be better by this time next year.

Comments received included:  ‘Much will depend on the residual impact of steel /aluminum tariffs on overall economy’, ‘More optimistic with a USMCA in place’,  ‘ Government issues, component shortage, market transition are all making the lighting market very hard today’

To view the overall results of the survey, please click here

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