The AMA Association for Sensors and Measurement polled its 480 members on the economic development in the third quarter of 2014. The mostly small and medium-sized enterprises generated revenues to the same amount as in the previous quarter. Comparing the 3rd quarter of this year with the result of the previous year, the sector achieved a gain in revenue of 7 percent.
With an increase of 2 percent in orders incoming, compared to the results of the previous quarter, the sensor and measurement industry's outlook for the overall annual results are positive. "Based on the current quarter's results and the outlook to an annual growth of 7 percent, our sector of industry is looking at a positive fiscal year, despite the cautious prognosis for the German industry as a whole," says Thomas Simmons, AMA General Manager, summarizing the current results.
According to the statistics of the German Federal Ministry of Economics and Technology, the German industry is presently going through a lull, as incoming orders are stabilizing. The Ministry sees the reason for this in the difficult foreign-trade environment.
Based on its current results, the sensor and measuring sector is thus a stable part of the general market development. "The results of our polls confirm the importance of sensing and measuring as basic technologies for today's technical challenges," states Simmons. "Our member enterprises supply all of industry, thus reflecting its economic development with a usually slightly more positive trend. We remain confident, our branch of industry is investing 10 percent of its revenue in research and development, the globe is being networked and getting smarter every day. Thus there is an ever increasing demand for innovative sensors and measuring systems," says Simmons, explaining the continued positive mood in the sensor and measuring industry.