Quiet optimism permeates component distributors
Summary
At the recent Electronic Components show in Oxford, the lamentations centred around bookings which have tumbled by as much as 60 per cent for some distributors compared to last year. That explains the differences across the region.” “Belgium and Holland are following Germany into recession, so we are seeing a soft set of results.” Nigel Watts, President, EMEA at WPG agrees there is a cooling off, and is optimistic about prospects later this year. “Some parts still on extended lead times – e.g. mcus, some products still at 25 to 30 weeks, and power devices too.” Anglia’s Steve Rawlings says that he had some heads up that there could be a pick up starting September “Suppliers are saying to us order now for latest Feb 2024. Said Hermann Reiter, Chairman of DMASS, “At the same time, we share the general optimism in the European industry that the slowdown will be short. We would expect a slowdown for 2023, but at moderate levels, and see a lot of optimism from customers for the long-term prospects of the components business in Europe.”