According To New Survey Manufacturers Are Optimistic But Exports Fall
In this article London flooring contractors will pay attention to a survey for the first quarter of 2015. It comprises the sales of construction products and shows that they have increased for the eighth consecutive quarter. The survey is made by Construction Products Association. London flooring experts explain, that further growth is expected over the next 12 months. This growth will be supported by exports, domestic demand and decrease in energy and fuel prices. Let’s take a look at the key points:
- In comparison with 2014 year, during the first quarter of 2015, according to a balance of 50% of heavy side firms and 29% of light side companies – sales have been increased.
- London flooring specialists point, that 57% of light side producers (including flooring) and 69% of heavy side producers claimed their expectations for arising sales during the next year.
- It’s interesting to mention, that exports decreased with 25% for heavy side firms and 14% for light side companies.
- London flooring specialists say that it’s good that 29% of heavy side firms and 20% of light side companies anticipate a growth in exports over the next year.
- Perhaps every London flooring company is aware, that fuel costs decreased to 83% for light side firms and 86% for heavy side companies to the lowest balance recorded in four years of the survey.
- London flooring contractors share, that 77% of heavy side firms and 4% of light side companies anticipate growing investment in research and development (R&D) for the next 12 months.
- London flooring experts claim, that wages and salaries have been the key factor of cost inflation since 2014. Actually from the end of last year, this has been partly offset by the influence of lower oil rates.
London flooring specialists summarise, that priority areas for investment over the next 12 months, pointed by more than two-thirds of companies, were: research, product improvement, development and e-business.
Inspired by www.contractflooringjournal.co.uk