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Growth but slowdown expected in Central & Eastern Europe electronics industry
After declining by 10.8% in 2009 output rebounded strongly in 2010 with growth of 15% and a further increase of 6.6% is projected for 2011 with production expected to slow in the second half of the year. On-going fiscal austerity, mounting debt and fragile consumer confidence are expected to reduce exports, the key driver to the growth in the CEE electronics industry over the period, a trend which is expected to continue into the first half of 2012.
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The European EMS Industry 2010-2015
The European Electronic Manufacturing Services (EMS) Industry is forecast in 2011 to increase by 6.4% over 2010 across total Europe. However, the rate of growth 2011 versus 2010 in Western Europe is expected to be 2.7% and for Central & Eastern Europe and other nearby low cost countries it is expected to be 9.2%. We expect that total revenues in ‘CEE and Other’ to be back to 2007 levels by 2012 but revenues in Western Europe are unlikely to reach those of 2007 within the time frame of this report. We do expect growth in both the Western European and CEE & Other regions across the time frame of the report but the economy of many major Western European countries has slowed in recent months and the forecast for Gross Domestic Product (GDP) in most leading economies has been downgraded.
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Prospects for US electronics industry
Although the US represents the world’s largest electronics market with a 24.4% share in 2009 it has been surpassed by China as the world’s largest producer, the country accounting for 17.3% of production during the year and compared to China’s share of 28.6%. 2009 saw electronics output fall by an estimated 6.8% however, the decline was significantly below original estimates with output strengthening in the second half of the year. With the US and global economy improving production in 2010 increased by an estimated 8.3% and reached US$269 billion. Further manufacturing is expected to migrate to lower cost locations over the next few years but the US, like Western Europe, will continue to produce in significant volumes in the industrial, defence, communications and component segments. This outlook on the US eelctronics industry is published in the Volume 2 of the Yearbook of World Electronics Data a comprehensive analysis of 16 countries in the Americas and Asia Pacific and part of a broader database covering 53 countries worldwide.
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