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CEDA members’ sales confidence validated

21st Sep 2016 - 08:52
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Abstract
The latest survey of business confidence among CEDA members has found that sales were better than expected, with almost 60% reporting that sales in the last quarter to July were better than the previous quarter.

The previous survey to April found that 53% of CEDA members felt that the next sales quarter would be better and the latest survey reveals that an extra 7% experienced better sales.

Adam Mason, CEDA director general, said: "We are really pleased that CEDA members have enjoyed a better sales performance than the previous recorded quarter and this despite some continuing challenges to trade and an uncertain economic outlook following the Brexit decision.

“We certainly know from other recent surveys and economic data that the UK's public are continuing to spend and this means that many operators servicing their needs in foodservice are continuing to invest and expand. That's good news for CEDA members and the wider foodservice equipment sector.

"Our role in supporting CEDA members and partners with developing their business continues with the 22 action points in the Development Plan launched at the CEDA conference to be delivered by 2022 now underway."

The business outlook from CEDA members remains positive with the survey to July also showing that 55% of those surveyed suggesting that the next sales quarter will be better than the last one.

Written by
PSC Team