22 February 2009
EMS sector expects ‘rough ride’
The UK’s electronic manufacturing services (EMS) sector is expecting a rough ride going into Q2 of 2009, according to a survey conducted by trade association Intellect.
Half of those companies were questioned said their confidence in the markets for the next quarter was either ‘diminished considerably (6%)’ or ‘diminished (44%)’.
Henry Parker, Intellect’s technology markets programme manager, commented: “The UK EMS sector is well set up to ride out the current recession, having already seen out a period between 2000 and 2006 when production of electronics in the UK fell by 50%. Most key players are cash rich and relatively free of debt. However, some of their customers – especially the small ones – are not. They are behaving in an increasingly conservative manner and it is this unpredictable behaviour that is causing worries and lowering future confidence in the markets.”
Author
Chris Shaw
Supporting Information
Websites
http://www.intellectuk.org
Companies
Intellect
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