Sensor and measurement technology also recorded sales growth of plus 2% in the third quarter. Incoming orders declined and fell by three percent. Around half of AMA members do not yet recognize any serious threat due to rising purchase prices and energy costs, while the other half consider the threat to be very serious.
The AMA Association for Sensors and Measurement (AMA) surveyed its approximately 450 members on economic developments. AMA members generated a two percent increase in turnover in the third quarter compared to the previous quarter. A comparison of the sales trend with the result for the third quarter of 2021 shows a significant increase in sales of 10%. Sensor manufacturers supplying the automotive industry saw a slight increase, while suppliers to the sensor and measurement technology and electronics industries performed less well.
Incoming orders in the sector developed in the opposite direction in the third quarter, falling by 3% compared to the previous quarter. However, the sector remains optimistic and does not expect any further declines in incoming orders in the fourth quarter.
When asked about the threat posed by the effects of the war in Ukraine, almost half of AMA members fear a very serious threat to their own company. The other half of AMA members do not currently recognize a serious threat to their own company.
"Our industry is currently sending mixed signals, which can be explained by the unclear political and economic situation worldwide," says Thomas Simmons, AMA Managing Director. "Sales growth in the sensor and measurement technology sector remains positive compared to general economic growth. However, incoming orders are weakening for the first time in two years. In my view, however, it is still too early to derive a trend from this. However, the general economic development in the user markets will not leave our industry unscathed."
