Automation Market Dips in Q1 2013
After several quarters of lackluster growth, the revenues of automation suppliers contracted slightly in the first quarter, weighed down by economic uncertainty and slowing growth in many regions. Compared to the first quarter of 2012, the total combined revenues of suppliers to both the process and discrete manufacturing industries fell by 1.1 percent year on year. Suppliers to the discrete industries saw a 2 percent drop in revenues, while process industry suppliers saw their revenues grow by 1.1 percent on average. Among suppliers who report their order intake, overall order activity fell by 4 percent on average; process industry suppliers saw orders drop by an average of 4.3 percent, discrete suppliers by 3.7 percent.