The World PLC Market faced another decline for 2013
After a downturn in 2012, the global PLC market declined again in 2013, with revenue falling by 2.1 per cent annually. As the most mature market, Europe had the largest base for PLC sales in terms of revenue. However, it is very slowly dragging itself out of recession. With tight fiscal policies, tight credit conditions in several countries, excess industrial capacity and still relatively weak export demand, there are few signs of a strong upturn in the near future. In light of the lack of strong domestic market demand, the PLC market had encountered a small decline as a whole.
