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

  • Paul Bevilacqua Joins Maxlite as Chief Financial Officer

    Paul Bevilacqua Joins Maxlite as Chief Financial Officer

    MaxLite is excited to announce the recent addition of Paul Bevilacqua as Chief Financial Officer. Paul brings over 30 years of finance and management experience and a record of accomplishment building enterprise value and leading financial transformations in various industries. Most notably, he was the CFO at Topaz Lighting Corp., where he reengineered all aspects… Read More…

  • Leviton Achieves 29% Decrease in Overall GHG Emissions from 2021 to 2023

    Leviton Achieves 29% Decrease in Overall GHG Emissions from 2021 to 2023

    Leviton has recently announced that it achieved a 29% drop in overall greenhouse gas (GHG) emissions from the 2021 baseline year, a major step towards the goal of becoming carbon neutral company-wide by the year 2030 with their CN2030 program. Through on-site renewable energy generation, accelerated energy efficiency efforts, moving to renewable and clean energy… Read More…

Peers & Profiles

Copper US Dollar Price Per Pound