After a slight increase in revenue during the second quarter, the sensor industry was able to generate a rise in turnover in the third quarter, in fact an increase of two percent. While consumer goods and national budgets increased, export-dependent industries were troubled by the global economic changes. Although automotive and engineering always were reliable for their economic growth, they now experienced a drop and thus a cloudy outlook for the automotive supplier industries – including sensors and measurement.
“At a first glance, you could get the impression that we’re dealing with an inconsistent seasonal effect or statistical oscillations,” says Thomas Simmons, the AMA Association’s general manager, about the current sensor industry statistics.
“Two lapsing revenue quarters were followed by two slightly rising quarters. The expectation for the last quarter of 2019 is a slight turnover decrease of one percent. This is based on a slump in our three customer industries, automotives, mechanical engineering, and electrical engineering. The next important customer market for our members is medical technology. This branch of industry is not as economically vulnerable and thus can partially absorb the negative impact.”
AMA Association - https://ama-sensorik.de