According to ECSN Chairman Adam Fletcher, the 2% growth figure is in line with the organisations aim to improve low single digit growth over the next three quarters. However, the month-on-month decline shows how UK electronic components markets are being affected by the decline in economic growth across the EU and a continued downturn in manufacturing output in China.
ECSN April figures show continuing steady growth
Consolidated April performances figures released by the AFDEC Group within the ECSN showed that total monthly billings were 2% than they were in April 2014. The figures also showed an increase in the book-to-bill ratio, led by the semiconductor and electro-mechanical market sectors. However, compared to the previous month, the industry experienced a 14% decline.