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CONTACT: Jennifer Read June 6, 2023 FOR IMMEDIATE RELEASE
May 2023 Sales Sentiment for Electronic Components Plummets from April Expectations Atlanta — The May ECST survey results reported by ECIA show overall sales sentiment took a body blow compared to expectations and collapsed to 72.2 points compared to expectations for May from the previous survey of 99.1 points. The May index fell by 14.5 points compared to the April index of 86.8. This is the third month in a row of declining results. The June outlook only improves modestly to 78.6 points. “The most recent ECST results are a dramatic reversal from expectations of sales sentiment achieving an overall positive outlook over 100 in May,” commented ECIA Chief Analyst Dale Ford. “The results of the May survey combined with the Q2 ECST survey results point to an extended market recovery period with a turnaround in year-over-year growth coming at the end of 2023 at the earliest,” he warned.
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. About ECIA The Electronic Components Industry Association (ECIA) is made up of the leading electronic component manufacturers, their manufacturer representatives and authorized distributors. ECIA members share a common goal of promoting and improving the business environment for the authorized sale of electronic components. Comprised of a broad array of leaders and professionals representing all phases of the electronics components supply chain, ECIA is where business optimization, product authentication and industry advocacy come together. ECIA members develop industry guidelines and technical standards, as well as generate critical business intelligence. For more information, visit www.ecianow.org or call 678-393-9990. |
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