Automotive Aftermarket: Reassuring figures
STRONG RESULTS The economic data of the swiss automotive aftermarket SAA show a positive development. The forecast promises to be able to maintain the high level. Contrary to the somewhat cautious forecasts of the last survey, the values this quarter are very encouraging. There has been a shift from "satisfactory" to "good" in all economic factors. In all three areas, [...]
Contrary to the somewhat cautious forecasts of the last survey, the figures for this quarter are very encouraging. There has been a shift from "satisfactory" to "good" in all economic factors. In all three areas, the situation can be qualified as extremely positive.
Shift in assessment from "satisfactory" to "good
Of 37% (previous quarter 23%) of the companies, the earnings situation is assessed as good and 61% (previous quarter 72%) rate it as satisfactory. Only 2% (previous quarter 4%) perceive it as poor. An even more pronounced shift in the assessment from "satisfactory" to "good" is evident in the case of turnover. 59% (previous quarter 38%) of SAA members describe their sales as good. The figures are perceived as satisfactory by 39% (previous quarter 62%) and as poor by 2% (previous quarter 0%).
The same development can be seen in the employment situation. 59% (previous quarter 49%) of the companies describe it as good, 39% (previous quarter 51%) as poor and 2% did not provide any information.
Trend forecast for the third quarter of 2018
Most firms have a positive basic attitude and expect the next quarter to remain unchanged.73% (previous quarter 62%) estimate the earnings situation to remain unchanged, 18% (previous quarter 23%) expect an improvement and 10% (15% previous quarter) a deterioration. The employment situation should also remain stable. The majority of companies assess it as unchanged at 80% (previous quarter 72%), 16% (previous quarter 28%) expect an improvement and 2% (previous quarter 0%) expect a deterioration.
