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CONTACT: Jennifer Read August 7, 2023 FOR IMMEDIATE RELEASE Electronic Components Sales Sentiment for July/August 2023 Shows Recovering Optimism from the Q2 Doldrums Atlanta — July sales sentiment and August expectations for electronics component sales registered an accelerating, refreshing recovery from the doldrums the industry suffered in Q2. Sentiment for overall electronic component sales improved by 6.7 points to reach 83.0 in July. More encouraging, the outlook for August points to a recovery of overall sentiment all the way up to 94.7, the highest level since one year ago in July 2022. However, caution regarding the outlook is prudent given the dashed expectations compared to actual results in recent surveys. “Overall, the July survey delivers encouraging news with solid indications that the market environment is improving in the second half of 2023,” commented ECIA Chief Analyst Dale Ford. “In the analysis last month, it was hoped that sales equilibrium could be achieved in Q3 leading to renewed growth in Q4 2023 or Q1 2024. The July results strengthen this expectation and increases the chances of a return to sales growth being pulled in to Q4 2023.” Find the complete summary available to all 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. 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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