The effects of the financial crisis were not drastically felt in September for PCB makers in Germany
Strong incoming orders have somehow cushioned Germany’s printed circuit board (PCB) market amid global financial turmoil. Revenues for September 2008 were just slightly down compared to August and overall sales for the year were almost at the same level compared to the year-ago period, according to ZVEI and VdE.
The effects of the financial crisis were not drastically felt in September for PCB makers in Germany. The industry is somehow flexible against order shifts and cancellations, according to industry observers.
Incoming orders are affected by seasonal demand. Certain industries, meanwhile, give their orders as block reservations over a longer period of time. The effects on the individual enterprises are non-uniform and strong fluctuations can still be observed. Nevertheless, the cumulative incoming orders for the first three quarters of this year are almost at the same levels as the previous year.
The book-to-bill ratio for September was also strong, with the average conversion rate at around 1.06.
About ZVEI
ZVEI, the German Electrical and Electronic Manufacturers’ Association, represents the economic, technological and environmental policy interests of the German electrical and electronics industry at the national, European and international levels. The organization provides specific information about the economic, technical and regulatory framework conditions of the electrical industry in Germany.
ZVEI promotes the development and use of innovative technologies by proposals concerning research, technological, environmental protection, educational and scientific policy. The organization also supports market-orientated European and international standards-making activities.
ZVEI’s close contacts with political quarters and public administrations and the association’s internal exchange of experience and views provide extensive information about the market and competition-related developments, which is tailored to the electrical and electronic industry’s specific needs. Member companies use this lead in knowledge and experience to improve their international competitiveness.
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