Electronic Design Magazine reports.
US consumer confidence fell to its lowest level in 28 years in the month of June, amidst high energy costs and rising joblessness. US new orders for computer and electronic products dipped in June with US economy registering a lower retail sale when compared to the month of May.That is interesting. In the past when times were tough the entertainment budget was the first to be clipped. It appears that that is the case in the US. However, the low value of the dollar encourages US exports. How much longer that will last with the US dollar rising is a question. Time will give us the answer.
However printed circuit board (PCB), semiconductor and electronics manufacturing services (EMS) shipments continued their upward momentum. The long-term outlook for the EMS industry remains positive with ever increasing global demand for consumer electronics.
A lot of electronics is used for manufacturing. However, it is not enough to drive the market. The big drivers are cell phones, computers, and entertainment devices.