Distribution performance 'reassuring' says ecsn, but sales drop from March 2015
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