A poll by the Electrical Contractors’ Association (ECA) shows that over 80% of electrical and building services engineering firms said their turnover increased between July and September (Q3) 2016 compared to the same period last year.
The ECA said the poll showed '*only a modest pre-and post referendum impact on the sector*'. The survey also showed that all sizes of building services companies had an increase in turnover in Q3 with the exception of business with a turnover below £200,000. They had a slight decrease in turnover.
Steve Bratt, CEO of the ECA stated:
“This ECA survey shows that electrical and building services firms remain broadly confident about their economic prospects, but we should remember that our sector feels any positive or negative effects later than many others in the supply chain.
“In addition, the survey shows that the expectation for business is down for the final quarter of the year, and members are already reporting increasing prices of key materials and equipment. This means that 2017 may present even more challenges to profit margins.”