Hybrid Coating Technologies Inc (fka HCTI)

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Coatings companies report subdued confidence as Brexit nears

Monday, 18 September 2017

http://www.european-coatings.com/Markets-companies/Coatings-market/Coatings-companies-report-subdued-confidence-as-Brexit-nears

The latest statistics from the British Coatings Federation (BCF) show subdued confidence in the UK coatings industry with companies taking a more pessimistic view on the outlook for paints, coatings, and printing inks sales in the remainder of 2017.


Tom Bowtell, Chief Executive of the BCF. Source: BCF

The Federation’s Business Confidence Index is now at its lowest level since the survey began in 2012 with BCF attributing much of this to the uncertainty caused by Brexit.

Lower confidence trend

The BCF’s tri-annual Business Confidence Survey canvases coatings companies on their opinions towards future sales, employment, and investment. The survey’s lower confidence trend coincides with findings from the UK chemical industry supply chain Brexit survey, where 76% said they viewed Brexit as a risk rather than an opportunity.