Broadcast manufacturers’ confidence returns

Broadcast and media technology suppliers are increasingly confident that the industry is returning to growth, according to a study by Ernst & Young and the industry body the IABM.

According to the IABM’s Industry Trends Survey, carried out in May, 74% of respondents anticipate better business next year than last, while 47% reported better order volumes than expected in the current year, with exports largely outstripping domestic growth amongst the companies surveyed.

On the downside, the survey also found that suppliers faced increasing pressure on prices, with only 38% seeing growth in order values as opposed to volumes.