ECIA March 2023 Electronic Components Sales Sentiment Slips in March, Misses Expectations
ECIA’s Electronic Component Sales Trend (ECST) March 2023 Survey Results
ATLANTA – The most recent results of ECIA’s ECST survey show sales sentiment slipping slightly from the recent highs it hit in February. In the February survey participants had anticipated improving sales sentiment in March. However, the actual results for March show overall sentiment falling by 2 points down to 88.6.
“The index score had been improving consistently from its low in November with encouraging increases in December, January, and February,” explained ECIA Chief Analyst Dale Ford. “During this time the overall index improved by 32.6 points and hit 90.6 in February, the best reading since July 2022. In this context, a dip of 2 points is fairly minor. Any index result below 100 indicates sentiment declining on month-to-month sales. The good news is that the sentiment stabilizes at this level with a small increase to 89.1 for the April outlook. Overall, the most recent electronic component sentiment measures indicate ongoing sales declines. However, these results would still point to a “soft landing” in this current cycle,” he concluded.
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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.