The half-yearly survey from the Shop and Display Equipment Association reveals that there is tangible evidence of a positive upwards climb within the retail display industry.
The survey found that 57 percent of respondents benefited from an increase in sales during the second half of 2013, compared with the first half of the year, while a further 24 percent registered similar results.
Further, many shopfitting and display companies expect to do more business in the second half of the year, so the survey also compared sales with the same period the previous year. These figures too were encouraging, with 43 percent of respondents reporting increased sales year on year and a further 33 percent indicating no change. The average increase reported was 18.6 percent.
The future also looks promising. Over 50 percent of respondents expect sales to increase during the next six months and the figure rises to 76 percent for the long range, 12 month forecast.
Other indicators, such as employment, also suggest high levels of confidence. 19 percent of respondents had taken on additional employees during the last six months and some 52 percent said they expected to take on more staff over the next six months.
SDEA Director, Lawrence Cutler, commented: “There has been a real turn around with genuine growth of 26 percent compared with our last six monthly survey and 18 percent growth year on year, thus revealing a degree of business confidence not witnessed in the UK shopfitting and display industry for several years”.
For further information visit: www.shopdisplay.org