Automation suppliers saw their revenues drop by over 3 percent during the second quarter of 2015. The precipitous drop in oil prices and the strong dollar had a significant impact on growth for many process industry suppliers. Based on the corresponding drop in order activity, many suppliers have trimmed their expectations for business in the quarters ahead.
Discrete automation suppliers continued to benefit from stronger investment activity in the electronics and automotive industries in Asia and North America, and Japanese suppliers continued to gain disproportionate benefit from a weaker yen.
Compared to the second quarter of 2014, the total combined revenues of automation suppliers to both the process and discrete manufacturing industries dropped by 3.1 percent.