ECIA’s Electronic Component Sales Trend (ECST) March 2024 Survey Results.
Optimism reigns among participants in the electronic components supply chain as positive overall sentiment accelerates in the March ECST results and April outlook.
“As forecast, all three major segments reached at least 100 in the sentiment index as the Semiconductor score recovered back to 100 and Passive components sustained a score of 102.1,” explained ECIA Chief Analyst Dale Ford. “Leading the parade is Electro-Mechanical components with an index score of 118.6 in March. That is just the beginning of the good news as all three segments are projected to see a dramatic jump of between 14.7 and 17.9 in the April sales sentiment index. This would drive an overall average of 123.7 in April, the highest score since February 2022 if the forecast is achieved,” he concluded.
For the complete summary report, click here.
The ECST survey provides highly 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. All participants in the electronics component supply chain are invited and encouraged to participate in the report so they can see the highly valuable insights provided by the ECST report. The return on a small investment of time is enormous!
The monthly and quarterly ECST reports present data in detailed tables and figures with multiple perspectives and covering current sales expectations, sales outlook, product cancellations, product decommits and product lead times. The data is presented at a detailed level for six major electronic component categories, six semiconductor subcategories and eight end markets. Also, survey results are segmented by aggregated responses from manufacturers, distributors, and manufacturer representatives.
Non-members can now purchase the ECST report at https://www.ecianow.org/purchase-reports.
Members view the full report here.
