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 key markets showed more encouraging signs with Medical +12%, Mil/Aero +9%, Mass Transport +9% and Test&Measurement +4% over Q1.
• Declines of -20% to -40% in Communications, Data-Processing & Broadcast over Q1.
• Distribution down 12% over Q1, but 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
Membership Appeal
The Interconnect Technology Suppliers Association (ITSA) is the only dedicated trade-industry body for interconnect technology companies operating in the UK.
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?
Membership is not expensive and we also have an associate membership for companies who are currently, or would like to become, suppliers to our members.
For further information: https://itsa.org.uk/
