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Germany's printed circuit board (PCB) market posted an 8.1% sequential drop in revenues for August, and a year-on-year decline of 10.7%, according to the German Electrical and Electronics Industry Association (ZVEI) and Verband der Leiterplattenindustrie e.V. (VdL).
Likewise, incoming orders were down 24.3% year-on-year, mainly driven by the weak demand in the region, as well as the revival of the China market after the 2008 Olympic Games.
Book-to-bill ratio, however, increased to 0.87, compared to 0.82 in the previous month. Workforce however, was reduced as contracts for temporary workers ended.
ZVEI, the German Electrical and Electronic Manufacturers' Association, represents the economic, technological and environmental policy interests of the German electrical and electronics industry at the national, European and international levels. The organization provides specific information about the economic, technical and regulatory framework conditions of the electrical industry in Germany.
ZVEI promotes the development and use of innovative technologies by proposals concerning research, technological, environmental protection, educational and scientific policy. The organization also supports market-orientated European and international standards-making activities.
ZVEI's close contacts with political quarters and public administrations and the association's internal exchange of experience and views provide extensive information about the market and competition-related developments, which is tailored to the electrical and electronic industry's specific needs. Member companies use this lead in knowledge and experience to improve their international competitiveness.
For more information, visit http://www.zvei.org/.