7.3% fall in IP&E industry revenues in Q2 2023.

According to DMASS Europe, in the second quarter of 2023, the IP&E industry experienced a 7.3% drop in revenues to 1560 million euros. This drop came as no surprise and was not uniform. The UK and France outperformed on average, Germany held its own, while Italy experienced a sharp drop. Spain and Portugal remained within the average.

In terms of products, passive components decreased by an average level, power supplies grew, while Electromechanical components decreased by almost 9%.