How’s Business? Analyzing Market Sector Performance as 2020 Begins
Bishop & Associates tracks sales and profits of 13 market sectors and more than 120 companies. The objectives are to determine how selected electronic markets have performed, identify sales and profit trends for forecasting purposes and monitor company performance within market sectors.
The following tables provide the 2017/2018 percent change in revenues, and compares the first nine months of 2018 with the first nine months of 2019 sales and percent change in sales by market sector.
Less than half (six) of the 13 market sectors Bishop tracks had year-over-year sales growth during the first nine months of 2019. Mil/Aero experienced the highest growth rate at 7.7 percent, followed by Instrumentation at 4.1 percent. Semiconductors had the steepest decline in sales, contracting by 17.9 percent, followed by Peripherals, the only other market to drop double digits, down 13.3 percent.