Milan, Italy: The International
Distribution of Electronics
Association (IDEA) reports a return
to growth in the bookings and
billings trend for the European
electronic components distribution
sector Q3’09, with the book-to-bill
ratio improving to 1.08:1.
According to IDEA VP Adam
Fletcher, the figures are better than
the association’s previous guidance
but in line with the financial results
for many sectors of the global electronic
components market.
“Whilst this improvement in the
sequential results for both bookings
and billings is great news, it
is coming from an historically low
base and still represents a significant
decline when compared to the
same period in the previous year,”
Fletcher said. “The re-stabilisation
of our industry and economy over
the second half of the year is to be
welcomed, but despite the optimistic
industry forecasts I suspect that
we will continue to bounce along
the bottom of this recession. It’s
unlikely that we will see a return to
stable growth in Europe until this
time next year.”
Total European distribution bookings
(net sales orders entered) in
Q3’09 increased by 16% when
compared to the previous quarter,
but declined by 10% when compared
to the same period in 2008.
In sector-specific bookings changes
in Q3’09 compared to the same
period last year, semiconductors
declined by 7%, and passives
declined by 16%
