Market researcher IHS offered some good cheer Wednesday for a makers of various electronic products, including microchips, like the one pictured above.
It said sales have been looking up lately for companies making industrial electronic, data processing, wired communications, consumer electronics, automotive electronics and semiconductor products.
Among those business categories, IHS said, 'total revenue in the third quarter reached an estimated $493 billion, up a robust 7 percent from $462 billion in the second quarter. Revenue in the final quarter of the year is expected to climb at an even more blistering pace, reaching $540 billion with sequential growth of 10 percent.'
However, with another potential government shutdown possible and Congress poised for more wrangling over the federal deficit, IHS warned 'this could lead to belt tightening among consumers,' which could slow sales down considerably.
Photo by Intel
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