Electronics Production | November 11, 2009
Higher percentage of buyers say business is declining
The seasonal slowdown in the electronics industry have begun, according to the Purchasing.com monthly survey of business conditions.
Only 37% of buyers surveyed reported that business was improving during November. That's down from 43% in October. Thirty-three percent reported that business was declining in November compared to 28% in October. Decline in business is reflected in purchase order figures of electronics buyers. Only 38% of buyers say that they would increase purchase orders over the next 90 days. In October, 50% said they would increase orders. Thirty-four percent said orders would decline and that's up from just 12% in October. About 28% reported that orders would be the same compared to the month before. About 34% of buyers said they were maintaining their current stockpile levels. That figure is up from 29% in October. Only 19% are building inventories compared to 23% in October.