Sensors and Measurement: : Slight Downturn in Revenue During First Quarter
The AMA Association for Sensors and Measurement polls its members every quarter on their economic development. The sensor industry reports a drop in turnover of one percent for the first quarter of this year compared to the previous quarter. Orders incoming rose at the beginning of the year by four percent. The sensor industry expects a drop in revenue of four percent for the second quarter.
Turnover and orders incoming in the German industry partially recuperated at the beginning of the year. However, due to the Corona pandemic, which sparked a massive worldwide decline in supply and demand, the economic trend has reversed.
The effects of the pandemic impact production, supply chains, sales markets, and the German employment market. According to the AMA Association the extent of the slump for the sensor and measurement industry is at present difficult to estimate. In the current quarter, the sensor industry is counting with a drop in revenue of four percent.
“Since the national and international sales markets have steeply declined due to the Corona pandemic, this has a time-lagged impact on the producers of sensors and measuring technology,” says Thomas Simmons, general manager of the AMA Association for Sensors and Measurement. “The economic development for the first quarter shows that the suppliers for the automotive industry are especially affected, having to cope with an extensive drop in revenue. These and the suppliers for machine and plant engineering have a pessimistic outlook for the current quarter. Unlike this development, the AMA members supplying building automation and medical technology record slight increases in the first quarter and have a clearly optimistic outlook on the current quarter.”