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SDEA members upbeat despite supplier price rises

The shop display and equipment sector is experiencing a resilient market despite economic uncertainty over Brexit, according to the latest member survey from the SDEA.

The survey finds that 40 per cent of SDEA members recorded an increase in sales during the first six months of 2018, compared with the same period last year – with the average sales increase being 23 per cent. Meanwhile 45 per cent of SDEA members are predicting their sales will increase over the next six months, by an average of 7 per cent.

Growing sales have led to increased employment, with 45 per cent of respondents taking on new staff over the last six months and 30 per cent expecting to employ more people over the next six months.

The positive outlook comes despite increasing costs, with 82 per cent of SDEA members saying their suppliers have raised prices over the last six months; 53 per cent expect further price rises over the next six months.

“It is extremely encouraging to see that members’ sales continue to rise,” says SDEA director Antony Behiels. “The industry remains relatively buoyant despite the volatile UK economy. The remainder of the year is also looking healthy, even though many members expect continued price increases from their suppliers.”

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