Automation Suppliers Eke Out Small Gains in Second Quarter 2013
Keywords: Automation, Quarterly Supplier Results, Asia-Pacific, Europe, Middle East & Africa, Latin America, North America.
After a slight drop in Q1, supplier revenues edged into the positive column during the second quarter of 2013 as the recovery in some markets served as a counterpoint to sustained economic uncertainty in others. Suppliers to the process industries saw stronger gains, thanks in part to continued activity in the energy sector, while suppliers to the discrete industries rebounded slightly on renewed investment activity in the electronics and automotive industries in Asia and North America. New order activity fell off by as much as revenues grew, which suggests that we're not likely to see a renewal of booming growth rates for automation suppliers over the short term.
Revenues Rise — But Not by Much
Compared to the second quarter of 2012, the total combined revenues of suppliers to both the process and discrete manufacturing industries grew by 1.6 percent year on year. Suppliers to the discrete industries saw a 1.7 percent increase in revenues; while process industry suppliers saw their revenues grow by 2.9 percent on average. However, among suppliers that report their order intake, overall order activity fell by 1.6 percent on average; process industry suppliers saw orders drop by an average of 2.8 percent, discrete suppliers by just over 1 percent.
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