Electronics industry watchers upbeat despite warnings

Electronics industry watchers upbeat despite warnings
Roy Rubenstein Industry observers are upbeat about the prospects for the UK electronics sector this year, despite warnings from the Confederation of British Industry (CBI). According to Anthony Parish, director general of the Federation of Electronics Industry (FEI), the FEI is “quite bullish” about the industry’s prospects. “That’s not to say that profits will be huge but we are better prepared than some industries,” said Parish. The Printed Circuit Interconnect Federation (PCIF) executive director, Brian Haken, is “definitely upbeat” about the industry’s prospects. He points to the PCIF book-to-bill which last November finally exceeded one, and it is expected to do the same in December. “This is a clear indicator of where the market is going,” said Haken. He also points to the heightened product design activity which the PCIF has monitored. “We feel the market is on an upward slope. By the fourth quarter of this year we will be well on the road to recovery,” said Haken. The latest CBI quarterly survey, which indicates that electrical and electronics manufacturers are more pessimistic about business than other UK manufacturing sectors.


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