The FIA publishes its sixth Market Condition Review
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26 April 2016
The Fire Industry Association (FIA) has published its sixth Market Conditions Review.
The Review is a ‘snapshot’, taken every six months, of the fire sector providing an independent look at the state of the fire protection market in comparison with the preceding six months.
The Review states that “The last six months has seen:
• A 5% increase in the number of enquiries received by companies that participated in the Review
• About 60% of respondents have reported a slight increase in orders when compared with the preceding six months
• 40% of companies that replied have recruited skilled labour in the last six months albeit at a small scale whereas only 5% have shed skilled labour; this is in addition to the very slight increase in creating apprenticeships”
The Review is a result of a survey of both FIA members and non-members companies across the UK.
The FIA’s CEO, Ian Moore, commented that “Looking at the survey as a whole, and seeing so many factors remain the same as six months ago, indicates a clear period of stability. Given the erratic economy over the last few years, maybe this is what we have needed so companies finally feel there is not another cliff-fall around the corner.
That being said, it is hard to ignore the much debated Brexit situation which will affect all (not just the companies that export). Whichever way it goes, there will be changes and let us hope they are mostly positive”.
The FIA’s Market Conditions Review can be downloaded for free here>>
Join Ian Moore, CEO of the FIA, at webinar on Friday, 29th April at 9am to understand the current state of the fire industry.
Ian will answer key questions like; is the industry growing? Where this growth is coming from? How the export market is affecting this and if the market has enough skills to meet the complex requirements of the industry? As well as cover many other topics around apprentices, the tender process and regional growth.