30731808-001 HONEYWELL

The other reason for the lull in sales is believed to be that of confidence in world trading conditions caused mainly by the stability of the European Union and the presidential election in the United States.Factors affecting business confidence in the European Union includes the United Kingdom referendum voting to leave the union.The consequences of taking this action are not clear,which has caused uncertainty in some market sectors.Other factors include the mass immigration from the Middle East and Africa;and the stability of the euro.Despite this,Germany’s strong manufacturing base and the impetus and publicity behind Industry 4.0 and the industrial internet of things(IIoT)continues to be a stabilising factor.IHS Markit believes that the lull in component sales is temporary and the revenue growth rates of the past will return.

销售放缓的另一个原因是对世界贸易条款的信心度，这主要是欧盟的稳定和美国总统选举造成的。影响欧盟商业信心的因素包括英国脱欧公投。公投造成的后果不明朗，这导致一些市场行业的不确定性。其他因素包括来自中东和非洲的大规模移民，以及欧元的稳定性。但尽管如此，德国强大的制造业基础以及在工业4.0和工业物联网背景下的动力和宣传仍然是一大稳定因素。IHS Markit认为，组件的销售放缓只是暂时的，未来将恢复到前期增长率。