AMA Association reports industry development in the second quarter of 2020

The AMA Association for Sensors and Measurement (AMA) recently polled its approximately 450 members about economic development in the second quarter. According to their own statements, the industry generated a drop in sales of eight percent in the second quarter compared to the previous quarter.

It is interesting to note that large and small to medium-sized enterprises (SMEs) show similar sales trends, but expectations differ. While SMEs had predicted a 14 percent drop in sales in the first quarter, they generated a less negative result than expected, at minus eight percent. For the current quarter, SMEs are expecting a minus of three percent. The large companies expected a decline of three percent and have to cope with a drop in sales of nine percent. For the third quarter, the large companies expect a minus of one percent.

Development of the most important sales markets in the second quarter

The sales markets of sensor and measurement technology companies also developed differently in the second quarter. The only positive developments were sales to the building and heating, ventilation and air-conditioning sectors. The medical technology sector reported a slight overall decline.

Suppliers to the strongly sensor-driven automotive, mobility, mechanical and electrical engineering sectors suffered the sharpest falls in sales. Expectations for the current quarter are also clouding significantly in these sectors. On the other hand, suppliers to the semiconductor and medical technology industries and to the company’s own sensor and measurement technology sector are confident.

“The entire German economy experienced a significant decline in economic output in the first half of the year,” says Thomas Simmons, AMA Managing Director. “Subsequently, this development also pulled sensor and measurement technology into a downward trend. Weak demand from abroad is additionally flanking this sales trend. It is not yet possible to estimate quantitatively how severe the slump will be for sensor and measurement technology manufacturers”.

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