Country Reports: Europe

The recovery in the European economy and in particular in the Eurozone in 2015 has helped support a return to growth in the West European electronics industry, this despite the slowdown in some key emerging markets during the year. In Euro’s the production of electronic equipment grew by 2.7% in 2015 and was up from the 0.8% posted in 2014 and the declines of 3.3% and 0.2% reported in 2013 and 2012, respectively. The top line figures however, mask the impact of exchange rates. In constant 2014 exchange rates growth in 2015 would have been 0.3%.

The outlook for 2016 remains uncertain. Macroeconomic and geopolitical developments continue to raise concerns for a sustained recovery. Based on current indicators we are forecasting growth in electronic equipment output of 1.8% in 2016 with stronger growth in the second half of the year. This then should accelerate to 2.7% in 2017 and remain at around similar levels throughout the period to 2019. 

Growth will be driven by the core industrial segment which accounted for an estimated 56% of electronics equipment output in 2015 and which will be the main driver of growth over the period to 2019, when it will account 59% of the total. Following four years of decline the communications sector was flat in 2015 (-1.8% in constant exchange rates), in part due stronger demand in the aerospace and defence segments. Over the period to 2019 the production of communications equipment is expected to benefit from increased defence spending and the opportunities arising from the Internet of Things and the next generation of wireless technologies. Computer output will continue to decline over the forecast period as will the production of video and audio equipment.

Electronics production in Central and Eastern Europe (CEE) was an estimated Euro 46.3 billion in 2013, a decline of 8.2% compared to 2012’s level of Euro 50.4 billion. A modest recovery was expected in 2014 with growth of 1.2%, although the outlook remains uncertain and will depend on the situation in the Eurozone and in particular, Germany. Growth in 2015 is expected to remain modest and again dependent on the overall outlook for the economy both in Europe and globally but then accelerate in 2016 and 2017 when electronics output will to top Euro 50 billion. 

Currently individual reports can be supplied electronically for the key countries within the European electronics industry although we can supply information on other countries covered within the Yearbook database on demand. To discuss specific requirements, including discounts for multiple purchases please contact andrew.fletcher@rer.co.uk

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Country Report - Denmark
Production in the Danish electronics industry increased by 9.4% in 2015 and, based on preliminary..
£225.00
Ex Tax: £225.00
Country Report - Finland
The decision, primarily by Nokia, to transfer the production of mobile phone and wireless and fix..
£225.00
Ex Tax: £225.00
Country Report - France
Output for the French electronics industry declined by 2.2% in 2014, was flat in 2015 and fell by..
£225.00
Ex Tax: £225.00
Country Report - Germany
In 2015, electronics production rose by 4.0% and followed the prior year’s increase of 2.0% and..
£225.00
Ex Tax: £225.00
Country Report - Italy
After declining by 5.0% in 2013 and a further 4.5% in 2014 electronics output increased by 3.2% i..
£225.00
Ex Tax: £225.00
Country Report - Norway
In 2015, output for the Norwegian electronics industry increased by 1.9%, with equipment output i..
£225.00
Ex Tax: £225.00
Country Report - Spain
In 2015, electronics production for the Spanish electronics industry increased by 5.8%, slightly ..
£225.00
Ex Tax: £225.00
Country Report - Switzerland
The strength of Switzerland's electronics industry lies in a small range of niche products, with ..
£225.00
Ex Tax: £225.00
Country Report - Sweden
The Swedish electronics industry remains centred on the production of fixed and wireless infrastr..
£225.00
Ex Tax: £225.00
Country Report - United Kingdom
Electronics output posted a modest decline of 0.4% in 2015 growth in the industrial and computing..
£225.00
Ex Tax: £225.00
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