According to IDEA vice president Adam Fletcher, the figures are at the low end of the association's previous guidance but in line with the financial results for many sectors of the global electronic components market. Fletcher said: "The decline in both bookings and billings in the first half 
of '09, compared to the same period last year, is approximately 30% - reflecting the global economic slowdown and confirming that 2009 will not follow historical trends. Fletcher said that he believed it was the beginning of a period where the rate of decline falls and the industry stabilises over the second half of the year. "I suspect that we will now 'bounce along the bottom' of this recession and it is unlikely that we will see a return to stable growth until this time next year," Fletcher explained. IDEA announced that its members' confirm that the
European supply network visibility remains limited, however customer confidence is now improving slightly with lead times firming up but remaining stable, with good availability. Fletcher continued: "All organisations in the electronic components market need to remain vigilant to changes in both supply and demand, which are likely to happen quickly, along with price increases caused by a combination of the escalating cost of raw materials and fluctuations in global exchange rates." IDEA, a consortium of independent trade associations, compiled the data from statistics provided by AFDEC / ECSN (UK / Nordic), Assodel (Italy), FBDi (Germany) and SPDEI (France)
For further details visit as : http://www.newelectronics.co.uk/article/19411/Electronics-distribution-sales-down--but-not-out.aspx
of '09, compared to the same period last year, is approximately 30% - reflecting the global economic slowdown and confirming that 2009 will not follow historical trends. Fletcher said that he believed it was the beginning of a period where the rate of decline falls and the industry stabilises over the second half of the year. "I suspect that we will now 'bounce along the bottom' of this recession and it is unlikely that we will see a return to stable growth until this time next year," Fletcher explained. IDEA announced that its members' confirm that theEuropean supply network visibility remains limited, however customer confidence is now improving slightly with lead times firming up but remaining stable, with good availability. Fletcher continued: "All organisations in the electronic components market need to remain vigilant to changes in both supply and demand, which are likely to happen quickly, along with price increases caused by a combination of the escalating cost of raw materials and fluctuations in global exchange rates." IDEA, a consortium of independent trade associations, compiled the data from statistics provided by AFDEC / ECSN (UK / Nordic), Assodel (Italy), FBDi (Germany) and SPDEI (France)
For further details visit as : http://www.newelectronics.co.uk/article/19411/Electronics-distribution-sales-down--but-not-out.aspx
