Association report
Sensors and Measurement: AMA Association reports positive development in the first quarter
The AMA Association for Sensors and Measurement conducts a quarterly survey of its 450 members on economic development. In the first quarter, the industry generated sales growth of two percent compared to the previous quarter. Incoming orders rose by nine percent at the beginning of the year compared to the previous quarter. For the second quarter, AMA members are expecting a two percent increase in turnover.
With a two percent increase in sales and a nine percent increase in incoming orders, the book-to-bill ratio for the first quarter was stable at 1. This is an indicator of the medium-term trend in the order situation and is defined as the ratio of incoming orders to turnover in the same period.
In contrast, the ifo Institute reported a deterioration in sentiment in the German economy as a whole, mainly due to companies' more pessimistic expectations for the coming months. While assessments of the current situation remained unchanged, the German economy is still struggling to overcome the current stagnation. In the manufacturing sector in particular, companies were more skeptical about the coming months, especially due to a declining order backlog.
Upswing for the sensor and measurement technology sector
The different developments in the overall economy and the sensor and measurement technology sector underline the importance of specialized sectors as drivers of economic growth and stability.
"The positive results of our survey show that the sensor and measurement technology sector is currently stable and future-oriented," says Thomas Simmons, Managing Director of the AMA Association. "Our members remain optimistic and also expect slight growth in the second quarter. After all, sensors are an indispensable component of technical innovation and digitalization."
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