Worldwide electronics sales are on track to fall in 2020

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    ForecastPro Module:

    - Electronics & Macroeconomy V20.06

    Worldwide electronics sales are expected to fall nearly 5% in 2020, as a result of the COVID-19 pandemic, which has had an adverse impact on the electronics supply chain and end demand. The world GDP (in terms of purchasing power parity) is expected to decelerate to -3% from +5% in 2019. Personal tools are getting hit as consumers pull back from the COVID-19 related shutdowns. Personal tools will decrease about 6%, with tablets getting hit the hardest. IT Infrastructure is expected to fall 1%. Servers and mainframes have gotten a boost from the Work-at-Home-Economy, though they will be flat for the year. Automotive sales are anticipated to tumble nearly 13% after falling 2% in 2019 due to a slow economy.

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