In its half-year report for 2023, ITSA members remain optimistic, despite a tough quarter for the order-book with sharp declines in the Communications, Data-Processing and Broadcast markets.
Other Key Stats: –
- Orders have dropped away sharply against 2022, but are up over Q1 2023.
- Book to Bill for the quarter was just positive at 1:02
- Some other key markets also showed encouraging signs with Medical +12%, Mil/Aero +9% and Test & Measurement +4% over Q1.
- Declines of between 20% to 40% in Communications, Data-Processing & Broadcast on Q1.
- Distribution is down 12% over Q1, but is still up 7% year-on-year.
Despite an ever changing and volatile market situation, ITSA members remain resilient, projecting an optimistic 4-6% growth for the year-end.
Download a full copy of the ITSA Report
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Is your company active in the UK interconnect supply-chain, but not yet an ITSA member?
If so, why not contact us to find out more about the excellent benefits of joining?
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