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Strong quarter to end a strong year with a strong outlook

Credit: IDEA

IDEA has revealed promising figures in its latest European Electronic Components Statistics report.

Although billings in the last quarter decreased by 6.6%, compared to the previous quarter, this year’s total billings were 12.2% higher.

The report highlighted that 2017 was the year for growth, with the book:bill ratio at 1.15, meaning it has been positive for 5 successive quarters.

Global growth for last year has been estimated at 3.7% and even more encouraging, it seems that this growth is set to continue into 2018 and beyond, with global growth anticipated to increase to 3.9%.

Bethan Grylls

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