Installer confidence confirmed by CBI report

A forecast by the CBI predicting increasing growth in 2014 across a number of sectors, including construction and manufacturing, echoes a recent poll carried out by a leading installer support body.The CPA’s ‘Installer Barometer’ polled over 12,000 installers with a series of questions about how 2013 is comparing with 2012; as well as assessing confidence going forward. The results were positive – with headline numbers revealing that 54.10 per cent of installers had seen an increasing number of leads this year; with 29.51 per cent reporting that average order values were up.The barometer also mirrored the CBI’s predictions about an upswing in 2014 – with 62.50 per cent of installers saying they expected sales to increase and 55.36 per cent expecting profits to increase.An overwhelming majority – 54.90 per cent – also said they believed growth would increase across the industry and 56 per cent expect the UK economy to improve.Jeremy Brett, CPA Director, comments: “The report found that installers are optimistic about their own businesses. Crucially, it also showed increasing confidence about the UK economy and conditions going forward – which chimes with the CBI report.“We are now seeing the sacred green shots of recovery and there is more good feeling. The UK jobless rate is at a three year low and the help to buy scheme has ignited the housing market.“Despite some remaining difficulties, our industry and the wider construction section appear to be turning a corner.” The CPA commissioned Insight Data to carry out its installer barometer.

The CPA

A leading installer support body, the CPA equip installers with Insurance Backed Guarantees, promotional literature, finance and insurance, deposit protection and training and reports to help them stand out when they present themselves to potential customers.