Q1 2024 Halifax Business Conditions

KEY FINDINGS: An increase in expected sales combined with higher sales prices are improving expectations of profitability. This appears to have a positive impact on capital expenditures despite higher expectations of operating expenses. Of concern is the increase in expectations of higher selling prices, despite recent data showing inflation continuing to trend downward. While cost-related challenges have improved since last quarter, they still remain a major challenge expected for the next three months.