Global Industry Forecasts > Quarterly Industry Forecasts > Electronics And Computers

Production of electronics and computers fell short of ourexpectations in Q2 2014, particularly in Japan, althoughother indicators of sector health are reasonable. Solidgrowth should resume in the second half of the year, withgrowth averaging 5¼% in 2014 and 6% in 2015.Our optimism stems from the strength in the US. Thestrong outlook for the US consumers and businesses isproviding a source of demand for high-tech goods. And onthe supply side, US high-tech has been a majorbeneficiary of the recent onshoring trend, with firms suchas Apple and Google now producing some devicesdomestically.