Short-Lived Positive Sales Sentiment for Electronic Components Clipped by September Survey Results
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ECIA’s Electronic Component Sales Trend (ECST) September 2024 Survey Results
Atlanta — The overall positive market sentiment expressed by participants in the electronic components supply chain only lasted two months before the overall average fell below 100 in the September ECST survey. The overall index fell to 98.8, a drop of nearly 10 points. “While the September results are only slightly below the threshold of 100, the main message is that the momentum that appeared to be building has been lost,” noted ECIA Chief Analyst Dale Ford. “The market is still struggling to gain its footing to support consistent month-to-month growth. The results of the Q3 2024 ECST survey give cause for optimism looking toward the end of the year as expectations for Q4 sales improvement over Q3 was very solid across product and market segments.” |
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For the complete summary report, click here. Members can login to view the full report 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. |
