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Catering equipment companies positive about UK economy

10th Jul 2015 - 09:49
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Catering equipment companies positive about UK economy
Abstract
65% of catering equipment companies think the UK economy will improve in the next three months, while 80% say they believe their own company will perform better, according to new research from the Catering Equipment Suppliers Association (CESA).

In the latest CESA Business Barometer 80% of respondents said turnover was up compared to the same period last year, with 75% reporting UK orders up and 50% saying exports had increased. 

Over 90% said that staff numbers, capital investment and investment in R&D had either gone up or stayed the same as the equivalent period in 2014. 

Respondents were also positive about longer term business prospects.  50% were cautiously optimistic while 45% were confident that business would increase over the next twelve months.

Simon Frost, chair of CESA, said: “The Barometer confirms that, for the vast majority of our members, business is booming. 

“I can’t remember a time when prospects have been so positive.  It also underlines the need to focus on training – it has to be a top priority for our industry.”

The Catering Equipment Suppliers Association (CESA) is the authoritative voice of the catering equipment industry, representing over 170 companies who supply, service and maintain all types of commercial catering equipment.
 

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PSC Team