Japan's electronic component shipments fell 1% YoY to 384.2bn yen due to weak automotive sales and production shifts.
In August, Japan's electronic component shipments fell by 1% year-on-year to 384.2 billion yen (about $2.5 billion), marking the first decline since February 2023. This drop is linked to weak automotive sales and production shifts, with shipments to the Americas and Europe declining significantly. Domestic shipments rose by 2%, and China's shipments remained steady. While switches saw an 11% decline, capacitors and connectors experienced slight growth.
October 31, 2024
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