Amphenol forecasts dour Q4 on weak telecom spending

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Ecology Action Centre calls for immediate implementation of Coastal Protection Act | SaltWire - Electronic components maker Amphenol forecast fourth-quarter revenue below market estimates on Wednesday, as its clients across industries cut spending in the face of high borrowing costs.

Demand for its automotive products including antennas, engine management systems and sensing systems have also suffered as automakers cut production targets and clamp down on spending, hit by labor strikes and sluggish demand.

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