“The decline in the B2B to 0.96.1 in August is unwelcome however I believe that we’re simply returning closer to historical reporting levels, ” says Adam Fletcher chairman of ecsn, “the polynomial trend line suggests the B2B ratio is likely to remain positive into Q4‘18.”
Bookings increased by 12% compared to the same month 2017, while Total Monthly Billings (net sales invoiced less credits) increased by 4% compared to the previous month and by 12% when compared to the same month last year.
Fletcher believes that manufacturing output is flatlining in the UK due to weaker domestic and export demand but increasing vendor delivery times and availability of raw materials continues to be a global problem, as does rising input prices: “BREXIT is causing a lot of uncertainty in the UK, whilethe risk of an escalation of the trade war between the US and China is doing absolutely nothing positive for international markets”, Fletcher said.
“The Sales by Month “three month moving average” for all electronic components suggests continued but slowing UK growth into Q4‘18, which is broadly in-line with historical results and forecasts”, Fletcher concluded. “There has certainly been a slight decline in customer sentiment from earlier in the year but overall the outlook for our domestic electronic components industry remains strong …”