electronic equipment sales

The International Monetary Fund (IMF) just raised its regional GDP growth forecasts. For the world it predicts a 4.4% global GDP decline this year followed by a 5.2% expansion next year. This economic turnaround hinges on being guided by good science, political leadership and popular acceptance.

2020 still looks to be a very difficult year. How we manage the pandemic, the global economy and international relations remain major challenges but there are glimmers of light near-term and a likely much brighter future in 2021 and 2022.

With all major global electronic equipment OEMs having now reported their third quarter financials, we estimate that combined equipment sales increased 0.4 percent in 3Q’19 versus 3Q’18 and 2 percent sequentially from the second versus the third quarter of this year.

Reports of 2Q’19 financials from all of the major OEMs in our 213 company global sample show that their electronic equipment sales declined 1.4 percent compared to the same quarter of last year.

2Q’18 Electronic Supply Chain Growth Update Chart 1 is a preliminary estimate of global growth of the electronic supply chain by sector for 2Q’18 vs 2Q’17. Note the strong performance of semiconductors, SEMI capital equipment and passive components.  Chart 2 gives preliminary 2Q’18 world...