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The Basque electronics industry to sell less
 

The 258 companies belonging to the Basque Cluster of Electronics, Computers and Telecommunications (Gaia) forecast that their turnover will be down 2.4% this year.  This will mitigate by five percentage points the 2009 downturn, which was the consequence of the inevitable impact that the economic crisis has had on the sector.

Last year, the turnover of the companies that make up Gaia came to 3,060 million euros, 7.7% down on 2008, and their exports stood at 765 million euros. The investment in R&D&i totalled 120 million euros. This drop was not the same in all the sub-sectors or in every type of company. It was particularly significant in the small companies working in information and communication technologies (ICT), where the turnover fell by 21%. However, in this business area, large corporations posted positive figures, which helped the ICT sector to only shrink by 4%.  However, the professional electronics sector experienced a larger downturn (11%).

These figures were released by the Gaia directors during the general meeting of the cluster in Donostia.

Gaia’s chairman, Joseba Ruiz de Alegria, warned that if small companies had a difficult time in the previous year, it would be the medium-sized and large companies that would see their turnovers shrink this year as, "even though the crisis hit this sector a little later, it was clear that as it is a transversal business sector, serving our clients, their poorer performances would inevitably affect us”.


 

Summary of the news item published by Deia, 4 June 2010

Fecha de la última modificación: 10/06/2010