Brexit Impacts German Electronic Component Distribution
Aug. 30, 2019
Brexit Impacts German Electronic Component Distribution
Sales of electronic components through distribution in Germany fell by 2 percent in 2Q19 and the order situation remains poor, according to the Fachverband Bauelemente-Distribution (FBDi eV) organization.
The book-to-bill ratio and bookings have been falling since the 3Q18. In 2Q19 sales under to members under the FBDi umbrella dropped by 2 percent €879 million. In the same quarters orders weakened to around €748 million, equating to a book-to-bill ratio of 0.85.
Georg Steinberger, FBDi chairman of the board, attributed the situation to the general uncertainty caused by Brexit, controversy in customs and other macroeconomic distortions as well as some longer term "hard realities" such as climate change and the end of throwaway society.
