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

  • SkyView by BIOS Lighting Launches in BC with Mac’s II Agencies

    SkyView by BIOS Lighting Launches in BC with Mac’s II Agencies

    Mac’s II Agencies is proud to represent SkyView by BIOS Lighting across British Columbia. As the first agency in BC to bring this innovative brand to market, we’re excited to help launch a new chapter for SkyView—a new company rooted in cutting-edge science and committed to wellness through light. This addition to our lighting line card reflects our… Read More…

  • Electric Avenue Welcomes Julie Moore as New Marketing Coordinator

    Electric Avenue Welcomes Julie Moore as New Marketing Coordinator

    Electric Avenue is excited to welcome Julie Moore to the team as it’s new Marketing Coordinator, bringing fresh energy and a strong foundation in digital marketing to it’s growing brand. Originally from Halifax, N.S., Julie holds a Bachelor of Commerce with a major in Marketing and brings hands-on experience in social media management and digital… Read More…

Peers & Profiles

Copper US Dollar Price Per Pound