CEDA members appear to be continuing an upward quarter-by-quarter trend. Results from the recent Q3 2017 confidence survey show 54% of the association’s members are experiencing positive growth against the previous quarter.
Similarly, 52% of the membership reported better year-on-year sales when comparing Q3 in 2016 with Q3 in 2017.
When questioned on year-to-date sales, the responses indicate that these are also better for 54% of those dealers surveyed. Whilst uncertainty still remains over the UK’s Brexit negotiations, the results show increased confidence in the industry when compared to the same quarter in 2016, just after the Leave vote.
Cautious optimism also appears to be prevalent in forecast sales for Q4, as 46% of CEDA members predicted better sales, compared to Q3 and 33% expecting sales to remain the same.
What is clear from all the results gathered from the Q3 survey is steady growth across the industry. As in other recent surveys, the majority of sales and enquiries recorded by CEDA members from both the public and private sectors are consistent. Restaurants continue to dominate private sector enquiries and the association hopes that its members can galvanise this trend by putting their names in front of the booming UK restaurant scene.
iscussions at the recent CEDA Southern and Northern Regional Meetings also reflect these results, with members both in the North and the South experiencing steady growth, optimism for the future and an excitement for the industry as a whole.