Following two months of sliding electronic component sales sentiment measurements that left the overall product index in negative sentiment territory, the component index recovered slightly into positive territory with a 4.5-point rise in July.
“While the score of 103.4 is just above the threshold of 100, this recovery up to a positive range is encouraging as the market moves into the second half of the year,” commented ECIA Chief Analyst Dale Ford. “The reversal in momentum is expected to continue. Looking toward August, survey respondents set expectations for an accelerating recovery in sentiment up to a 112.7 index score.”
The ECST survey provides valuable and detailed visibility on industry expectations in the near-term through the monthly and quarterly surveys. This ‘immediate’ perspective is helpful to participants up and down the electronics components supply chain. In the long-term, ECIA shares in the optimism for the future as the continued introduction and market adoption of exciting innovative technologies should motivate both corporate and consumer demand for next-generation products over the long term.
The complete ECIA Electronic Component Sales Trends (ECST) Report is delivered to all ECIA members as well as others who participate in the survey.
Non-members can now purchase the ECST report at https://www.ecianow.org/purchase-reports.
