Figures released by the AFDEC group within the Electronic Components Supply Network (ecsn) show showed that total monthly billings increased by 2% compared to April 2014. The increase was accompanied by an increase in the book to bill ratio, with the semiconductor and electro-mechanical market sectors leading the way. However, while year on year billings increased, they were said to be 14% down on March 2015.
ECSN chairman Adam Fletcher said the 2% growth figure is 'reassuringly' in line with ecsn's forecast for 'improving, low single digit growth over the next three quarters'. He ascribed the month on month drop to a decline in economic growth across the EU, as well as a continued downturn in manufacturing output in China.
Author
Graham Pitcher
Source: www.newelectronics.co.uk