Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Catering equipment suppliers express post-Brexit worries

24 August 2016 by
Catering equipment suppliers express post-Brexit worries

The latest Business Barometer from the Catering Equipment Suppliers Association (CESA) shows that suppliers are deeply concerned about the future.

Nearly two-thirds of respondents believe the overall economy will not perform as well in the next few months, though only 38% thought their own company's sales would drop. Conversely, in the three months leading up to Brexit, over half said turnover was up.

However, over 80% expect it to remain the same or drop in the coming months.

Looking further ahead, over 46% are nervous or pessimistic about business turnover in the next 12 months, compared with 42% who are cautiously optimistic or confident. The remainder are neutral.

"In terms of confidence, Brexit has delivered a real blow to our industry," said Simon Frost, chair of CESA. "However, the reality over the past few months since the vote is that most CESA members are reporting steady sales.

"The Barometer shows that the two biggest concerns are uncertainty over the UK's role in Europe, and inflation. Some manufacturers, as well as some foodservice operators, are putting investment on hold until there is more confidence in the way ahead. That's understandable but we must be aware of the danger that we might talk ourselves into recession."

The CESA Business Barometer is compiled every quarter. All CESA members can take part, free of charge. Any company that does take part receives a full copy of the report.

Are you looking for a new role? See all the current hospitality vacancies available with The CatererFONT >>

Latest video from The Caterer

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking