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US channel hits pre-recession high, Europe close behind

Microscope contributor

Sales through the major US distributors have surpassed pre-recession levels and Europe is gradually heading in the right direction, according to figures from the Global Technology Distribution Council (GTDC).

The data shows that $2.55bn worth of hardware was shipped by GTDC members in April 2010 compared to $2.52bn two years ago.

In Europe, the number crunching started in July 2008 when revenues were €2.68bn but last month, the sales were edging closer at €2.38bn.

"In the US sales are now above the pre-recession peaks hit in 2008," GTDC CEO Tim Curran told MicroScope, adding "Europe is also beginning to recover."

The downturn struck from the end of 2008 and bottomed out by the close of Q2 2009 he said when desktop and notebook sales dropped 34.8% and 36% respectively but both had rebounded in H2 of last year to 48% and 55%.

However, only today the Bank of England policy maker Adam Posen voiced uncertainty over the austerity measures being taken by governments in Europe, which may damage growth prospects and could lead to a double dip recession.

 The GTDC recently met in Amsterdam and the outlook among many was "cautiously optimistic" said Curran though he noted the macro trends in the region could "derail" the burgeoning recovery.

According to one GTDC member, that asked to remain anonymous, "disaster has been averted" in the UK but the pace of recovery across Europe will be markedly different and it will take two to three years before the situation looks better.

 


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