CEDA’s most recent Confidence Survey has revealed strong sales among its distributor members when compared to the same period last year.
The results of the latest quarterly survey, which takes into account the views of 64 distributors, display the same positive trends seen in first three quarters of 2017 in the fourth quarter of last year.
The surveyed members reported sales growth against the previous quarter, quarter-on-quarter, and against year-to-date sales.
53% of respondents said their sales in the fourth quarter of 2017 were better than those in the third quarter of 2017.
Quarter-on-quarter sales against the same period in 2016 also showed better results with 56% of participants reporting a growth.
CEDA also confirmed that year-to-date sales are better for 54% of those surveyed, compared the year-to-dates sales last year.
Not only were enquires from the private sector up against the previous quarter for the majority of CEDA members, only 6% said they were worse.
Looking ahead, the catering trade organisation concluded that cautious optimism is prevalent in forecast sales for Q1 of 2018, with 48.44% of members predicting better sales, compared to Q4 of 2017.
Results for the next quarter (Q1 2018) are likely to make for interesting reading given the turbulence that some parts of the end-user market have encountered since the start of the year. It will be intriguing to see how significantly recent developments have tested the resilience of the supply chain.