The Electronic Components Supply Network (ECSN) has reported what it calls 'a welcome improvement' in total monthly billings in March 2015. Consolidated figures reported by the association's authorised distributor (AFDEC) membership show that billings increased by 10% compared to February and by 2% over March 2014.
ECSN chairman Adam Fletcher said it is likely the improvement in sales will be reflected in its Q1 2015 figures. "Early and, as yet, unaudited figures for Q1 2015 indicate that billings increased by 9% in Q1 when compared to the previous quarter and by 1.4% when compared to Q1 2014. These figures are towards the upper quartile of our members' growth forecast for Q1 2015."
However, the book to bill ratio grew by 2% over February, there was a 5% decline compared to March 2014. "The polynomial trend continues to indicate that the book to bill will remain positive into the second half of 2015," Fletcher added.
According to Fletcher, ECSN members believe 2015 is likely to see low consolidated growth, reflecting the economic environment.
Author
Graham Pitcher
Source: www.newelectronics.co.uk