Customer Relations Manager Lydia Cope looks at the latest movement on FIDI’s measure of confidence in the international moving industry
The quarterly FIDI Business Confidence Barometer, based on input of well over 160 FIDI Affiliates, has turned positive again – although ever so slightly.
Analysing the figures, the market remains still rather negative on the top-line revenue and bottom-line profit in Q2, but does see a considerable increase in prices, to cover for the raised costs in operational moving.
Jesse van Sas, FIDI’s Secretary General, says: ‘When we look at the expectations for the coming months, we see a very modest improvement on revenue and related profit coming into the equation. However, continuous rising costs remain a concern. To me, this shows that the industry is not out of the woods yet, but there are some hopeful signs. FIDI Affiliates seem to be faster and more determined in adapting prices with the rising costs. That is different from what has happened in the past.’
Launched in 2019, a few months before the COVID pandemic, the FIDI Business Cycle Barometer compares figures for the current quarter against the same quarter the previous year and asks FIDI Affiliates to share their expectations for the upcoming quarter, compared to the same period last year.
You can download the yearly FIDI Business Cycle Barometer reports on FIDI’s publication page: www.fidi.org/publications page.
For more information about this project, please contact Lydia Cope at lydia.cope@fidi.org
