ECIA June Survey Reveals First Negative Growth Sentiment for North America Electronic Component Sales in Two Years
ECIA’s Electronic Component Sales Trend (ECST) June 2022 Survey Results
Atlanta – After a run of two years of overall positive sales sentiment and expectation for electronic components, the June 2022 Electronic Component Sales Trend Survey (ECST) dropped below the benchmark level of 100 indicating negative sales growth. The index for all major component categories measured below 100 driving an overall average sales sentiment of 97.5 in June. Similarly, the end-market sentiment registered at 93.2 for June, in line with forecast expectations in the May survey.
“Two years ago, when the index dropped below 100 in July 2020, the index saw a strong rebound above 100 in the following month of August,” ECIA Chief Analyst Dale Ford explained. “However, that rebound came during a period of strong economic growth and overall consumer and industry optimism. The current economic environment is a polar opposite from two years ago. While it can be hoped that the June results only reflect seasonal market behavior, other economic and industry indicators and expectations dim that prospect,” 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 a growth cycle that still appears to have legs to go an extended distance.
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.