ARC Automation Index Q4 2012
Keywords: Manufacturing, Automation, Process, Discrete, Industrial, Economic Indicators.
ARC's Automation Index has proven to mirror the market developments well, but the current situation is difficult to forecast. In Europe, many early economic indicators point upwards, while product sales in many categories decline. In Asia, Chinese and Indian markets developed poorly in 2012, whereas Japan was a bright spot. In North America, the political and regulatory situation add uncertainty; while new inexpensive energy and feedstock sources and a new focus on manufacturing inject new life into several industrial segments.
Looking at both the process and discrete manufacturing industry groups, the charts show that the markets developed flat during 2012. How they will develop through 2013 depends on a number of factors. The discrete industries, which typically lead the process industries by between two and four quarters, have already turned negative in Q4 2012.
ARC believes that, overall, the growth in Q1 2013 will be around zero and slightly negative due to the development in Europe. For mid-to-late-2013, we expect the upturn to kick in. However, since 2012 benefitted from the backlogs of 2011, we expect low overall growth in 2013.
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