IT equipment, electronic and optical products is a highly global-
ised sector of the economy with strong international links.
In many segments price is the key factor which determines sales
,and competition (particularly with Asia) is intense. The result of the
Brexit referendum in the UK has caused the British pound to
weaken significantly compared to the euro.
Many observers expect this situation to persist for some time. The uncertainty already
prevalent before the referendumis also having an adverse effect on
production and demand in the UK.
Some well-known producers of electronic components are
based in the UK. In the measurement and control (automation)
sector, a whole range of specialised companies supply diverse cus-
tomer groups (all areas of vehicle construction, food industry etc. ) .