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CONTACT: Jennifer Read November 30, 2023 FOR IMMEDIATE RELEASE November 2023 ECST Survey Reports Electronic Components Sales Sentiment Stalls in Attempted Recovery Atlanta — As the end of 2023 approaches, it is clear the electronic components sales sentiment has stalled in its attempt to move into positive territory by the end of the year. “Following a healthy improvement between May and August 2023, the index has vacillated between 83 and 90 from August through the December forecast,” explained ECIA Chief Analyst Dale Ford. “It appears that a hard reality is setting in with the November survey as the overall outlook for December is measured at 83.3, only a 0.5-point improvement from the November actuals. Efforts to push sales sentiment for electronic components over the 100-threshold indicating positive growth will continue into 2024.” The results from the Q4 2023 ECST survey yield very encouraging results compared to the monthly November survey. Solid improvement is expected for Q1 2024 with the number of participants reporting expectations of positive sales growth improving from 14% to 23%. On the other side, the share of participants reporting negative growth falls from 27% in Q4 to 18% in the Q1 outlook. The net score of positive and negative sales sentiment for the Q1 2024 outlook is the most positive since Q2 2022.
Read the complete summary report. 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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