Business Confidence Survey Q1 2021
27 May 2021
FDF’s newly-released Q1 2021 Business Confidence report shows that net business confidence among food and drink manufacturers rose in Q1, but remained negative, reaching -14%. Businesses felt positive about the vaccination program and the prospect of reopening of hospitality in Q2. Nonetheless, the optimism did not offset the struggles surrounding the end of the EU Exit transition period and low level of sales.
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Key concerns for the rest of the year include border and custom issues, increased costs and cash flow issues.
On the other hand, members see increased demand from the reopening of hospitality and new product launches as key opportunities for 2021.
FDF produces Business Confidence reports on a quarterly basis which summarise member sentiment, key impacts on the industry, as well as key opportunities and challenges for the sector. See past reports below.