UK connector revenues up 6% y-o-y; down 6% q-o-q

Different Key Stats: –

• Orders have dropped away sharply in opposition to 2022, however are up over Q1 2023.
• E-book to Invoice for the quarter was simply constructive at 1:02
• Some key markets confirmed extra encouraging indicators with Medical +12%, Mil/Aero +9%, Mass Transport +9% and Take a look at&Measurement +4% over Q1.
• Declines of -20% to -40% in Communications, Information-Processing & Broadcast over Q1.
• Distribution down 12% over Q1, however nonetheless up 7% year-on-year.

Regardless of an ever altering and unstable market scenario, ITSA members stay resilient, projecting an optimistic 4-6% progress for the year-end.

Obtain a full copy of the ITSA Report right here

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