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- The Economies of Western Europe are Beginning to Show the Potential for a Sustained Economic Recovery
The Economies of Western Europe are Beginning to Show the Potential for a Sustained Economic Recovery
- By Electronics.ca Research Network
- Published March 6, 2013
- Electronic Manufacturing
ATR-Newswire (Press Release) - Mar 6, 2013 - ELECTRONICS.CA PUBLICATIONS, the electronics industry market research and knowledge network, announces the release of a comprehensive report on Western Europe electronics manufacturing industry.
The final months of 2012 witnessed a larger than expected decline in electronics output across Western Europe, a trend which has continued through into 2013. Weak consumer and business confidence is expected to continue to dampen growth while on-going austerity measures will hold back government spending.
However, despite the short-term problems facing the industry there are signs that the economies of Western Europe are beginning to show the potential for a sustained economic recovery. The emerging markets will play a significant role in the recovery in manufacturing output in Western Europe, in particular, for products in which the region is now focused. Nevertheless, with majority of trade still between member countries, resolving the current Eurozone crisis remains the key issue for policy makers. Based on current indicators electronics output should resume growth, albeit only modestly, in the second half of 2013 before accelerating in 2014. However, significant downside risks still remain and the current uncertainties facing the European economy could push a sustained recovery back into 2014.
After rebounding in 2010 following the global downturn in the prior year electronics output in Western Europe increased by a further 2.0% in 2011 to Euro 156 billion. With the decline in output accelerating in the final quarter of the year, electronics output declined by an estimated 2.8% in 2012 and is forecast to decline by a further 0.5% in 2013.
Germany is Europe's largest electronics producing nation and is generally diversified in the range of products it has to offer. Most sectors contribute extensively to the domestic market, as well as individual segments claiming sizeable shares of the world market. In 2010, electronics production increased by a 13.9% and followed a decline of 19.8% in the prior year as the global recession reduced demand. In 2010/2011 Germany has been the primary driver for the West European electronics industry. In addition to growing domestic production the country is a key export market for the majority of European countries and as such events in Germany will play a pivotal role across the region. In 2011, output is forecast to grow by a modest 1.6%, the continued decline in the computer segment as well as a decline in the medical segment, offsetting growth in other sectors of the industry.
- Suppliers of electronic production equipment
- OEMs
- EMS Providers
- Government, including investment organizations
- Financial and industry analysts
- Academic institutes & universities tracking developments in the electronics industry
Details of the report, table of contents and ordering information can be found on Electronics.ca Publications' web site. View the report: "Yearbook of World Electronics Data. Volume 1: West Europe".
The final months of 2012 witnessed a larger than expected decline in electronics output across Western Europe, a trend which has continued through into 2013. Weak consumer and business confidence is expected to continue to dampen growth while on-going austerity measures will hold back government spending.
However, despite the short-term problems facing the industry there are signs that the economies of Western Europe are beginning to show the potential for a sustained economic recovery. The emerging markets will play a significant role in the recovery in manufacturing output in Western Europe, in particular, for products in which the region is now focused. Nevertheless, with majority of trade still between member countries, resolving the current Eurozone crisis remains the key issue for policy makers. Based on current indicators electronics output should resume growth, albeit only modestly, in the second half of 2013 before accelerating in 2014. However, significant downside risks still remain and the current uncertainties facing the European economy could push a sustained recovery back into 2014.
After rebounding in 2010 following the global downturn in the prior year electronics output in Western Europe increased by a further 2.0% in 2011 to Euro 156 billion. With the decline in output accelerating in the final quarter of the year, electronics output declined by an estimated 2.8% in 2012 and is forecast to decline by a further 0.5% in 2013.
Germany is Europe's largest electronics producing nation and is generally diversified in the range of products it has to offer. Most sectors contribute extensively to the domestic market, as well as individual segments claiming sizeable shares of the world market. In 2010, electronics production increased by a 13.9% and followed a decline of 19.8% in the prior year as the global recession reduced demand. In 2010/2011 Germany has been the primary driver for the West European electronics industry. In addition to growing domestic production the country is a key export market for the majority of European countries and as such events in Germany will play a pivotal role across the region. In 2011, output is forecast to grow by a modest 1.6%, the continued decline in the computer segment as well as a decline in the medical segment, offsetting growth in other sectors of the industry.
The study is essential research for all areas of the electronics industry including:
- Distributors and manufacturers of electronic components and materials- Suppliers of electronic production equipment
- OEMs
- EMS Providers
- Government, including investment organizations
- Financial and industry analysts
- Academic institutes & universities tracking developments in the electronics industry
Details of the report, table of contents and ordering information can be found on Electronics.ca Publications' web site. View the report: "Yearbook of World Electronics Data. Volume 1: West Europe".
