UK connector orders steady, but billings down 3% on Q1

by Paige Hookway
9 August 2024
Less than a minute
436 Views
2 years ago

In its Q2 report for 2024, ITSA members have seen orders holding steady, but with a high degree of variation in key markets.

Distribution is down 8% but perhaps not surprising given the 10% jump in Q1.

Some markets are showing significant growth – Communications +44%, Mass Transport +29%, and Test & Measurement +29%.

Value-Added sales also performed well in Q2, with +39% in Fibre-Optics, +48% in RF and an increase of +59% in Hybrid products.

Although ITSA continues to project only low minimal growth over the full-year, this view may clarify in the second-half, now that we have a new Labour government.

According to the latest Make UK Manufacturing Outlook Survey, 69% of companies regard the delivery of an industrial strategy as the top priority.

Download a full copy of the ITSA Report.

Paige Hookway

Managing Editor

Paige Hookway is the Managing Editor of Procurement Pro, where she brings over a decade of industry experience to shaping insightful, engaging, and forward-thinking content for the global electronics community. After graduating from the University of Greenwich with a 2:1 in English Literature, Paige blended her love of storytelling with a deep curiosity for technology – carving out a career that champions both innovation and the people behind it. Across her 10+ years in the sector, Paige has developed a strong reputation for uncovering emerging trends, translating complex concepts into accessible insights, and spotlighting the voices shaping the future of engineering. She is particularly passionate about encouraging the next generation of engineers and elevating women in tech narratives that inspire, empower, and drive meaningful change. When she’s not immersed in the latest engineering developments, Paige can be found wrapped up in a blanket with a cup of tea and a good book.