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

Similar Posts

Changing Scene

  • NSL & Magic Lite Congratulate Craig Shinde on 15 Years

    NSL & Magic Lite Congratulate Craig Shinde on 15 Years

    Congratulations went out to Craig Shinde very recently for his 15 years with NSL and Magic Lite. This September 26th, the companies are celebrating 15 years with Craig, who is the Product Data and Quotations Specialist at Magic Lite and NSL. Craig’s journey started in the Magic Lite warehouse as a shipper and receiver, then… Read More…

  • Cooper Lighting Solutions Earns Eight Selections in 2026 IES Progress Report 

    Cooper Lighting Solutions Earns Eight Selections in 2026 IES Progress Report 

    Cooper Lighting Solutions has earned eight selections in the 2026 Illuminating Engineering Society (IES) Progress Report, more than any other lighting manufacturer recognized this year. The achievement marks the company’s 16th year of recognition in the past 18 years. The selected solutions address a broad range of lighting needs, from precise outdoor optical control and… Read More…

Peers & Profiles

Copper US Dollar Price Per Pound