Q2 2023 EFC Business Confidence Survey Results

April 24, 2023

EFC Q2 Business Confidence Survey Results

Official Representatives were invited to participate in EFC’s Q2 Business Confidence Survey to reflect confidence levels within the Canadian electrical market, as well as questions surrounding supply and demand.

Q2 Survey Results

A total of 85 key contacts from membership responded, 40 from our manufacturer community, 25 CEMRA, and 20 Distributors. Seventy-six per cent of respondents expect growth in 2023 compared to 2022, while 20% are predicting sales to be down, and 4% are expecting no change. In the second quarter, only 21% of respondents feel supply chain issues are affecting their ability to service customers, a significant improvement from the previous quarter at 38%. Demand has slowed slightly, with 33% experiencing weakened demand, compared to 29% in Q1.

q22023-efcbusinessconfidencesurveyDownload

Related Articles

Changing Scene

  • CSA Group Receives Greater Toronto’s Top Employers Award for 10th Consecutive Year

    CSA Group Receives Greater Toronto’s Top Employers Award for 10th Consecutive Year

    For the tenth consecutive year, CSA Group has been awarded as one of Greater Toronto’s Top Employers for 2026 by Mediacorp Canada Inc. This milestone reflects CSA Group’s continued commitment to fostering a workplace culture that supports employee wellbeing, professional growth, and community engagement. CSA Group’s global headquarters, located in Toronto, offers employees a range… Read More…

  • ABB Awarded Platinum Medal by EcoVadis for Outstanding Sustainability Performance

    ABB Awarded Platinum Medal by EcoVadis for Outstanding Sustainability Performance

    ABB has been awarded the Platinum medal from EcoVadis with a score of 84 out of a possible 100 points, placing the company among the top one percent of 130,000 companies assessed worldwide. EcoVadis is a trusted provider of business sustainability ratings offering a standardized, data-driven framework that allows companies to compare supplier performance. ABB… Read More…

Peers & Profiles

Copper US Dollar Price Per Pound