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Connector book-to-bill ratio hits 1.00

By Jim Carbone -- Purchasing, 5/29/2009 3:25:00 PM

The April book-to-bill ratio for connectors increased to 1.00 in April, marking the first time since May 2008 the ratio was 1.00 or higher, according to researcher Bishop and Associates.
It was the third consecutive month that the ration increased. In March the ratio was 0.97.

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While the ratio increased, new orders and shipments declined in April. Orders fell 3.3% compared to March and shipments were down 3.2%.
Bishop and Associates says there will be sequential quarterly growth for the year, although total revenue for the year will be 25% lower than in 2008.
Bishop forecasts that second quarter revenue will be $8 billion, up from $7.3 billion in the first quarter. Sales will grow to $8.6 billion in the third quarter and then to $8.9 billion in the fourth. For the year, sales will be $32.9 billion down from $43.9 billion in 2008.
Also see:

Connector sales improve slightly in March

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