April 2023 Electronic Components Sales Sentiment Sees Slight Dip in March, Brightening Outlook for May
ECIA’s Electronic Component Sales Trend (ECST) April 2023 Survey Results
ATLANTA – The April ECST survey results reported by ECIA show overall sales sentiment declined by 1.9 points compared to the March survey results, the second month in a row of slightly lower results. However, the outlook for May is considerably brighter as expectations jump above 99, almost up to the break-even level between declining and improving sales.
“This encouraging outlook may provide an early indicator that the market decline is easing and could see a turnaround in year-over-year performance before the end of 2023,” commented Dale Ford, ECIA’s Chief Analyst. “The overall component sales sentiment index dropped below 100 in June 2022. If the May 2023 expectations are realized, it would mark the strongest measurement since May 2022. The trends reported by the ECST index for Semiconductors are fairly consistent with the results reported by WSTS for the Americas. While the worldwide semiconductor market is suffering a ‘hard landing’, it is fair to say the Americas are achieving a ‘soft landing’ so far,” he noted.
End-market results are very encouraging with strong improvement in April and a May index outlook above 100. Healthy results for the end markets are broad based. Most encouraging is the May outlook that predicts sentiment above 100 for Automotive, Industrial, Military/Aerospace, and Medical.