Sales sentiment for electronic components continued its momentum in February, the third straight month that sales exceeded expectations, according to the latest Electronic Components Industry Association (ECIA) Electronic Component Sales Trends (ECST) survey.
According to ECIA, overall average sales sentiment improved in February as it increased by 8.4 points from January’s level, reaching 90.6 points. This outstripped the February forecast from the January survey by 12.7 points. It also jumped 39.5 points from the low set in November, the organization said.
Electro-mechanical components lead the way as this segment increased to 99.9, nearly hitting the growth threshold of 100. The category is projected to move into solid growth territory in March at 109.5.
Other survey findings:
- Semiconductor sentiment slipped down slightly to 82.9 in February.
- Passive components beat February expectations by double digits.
- Passive components and semiconductors are forecast to reach 91.7 and 91.4, respectively.
- Induvial end-market measures delivered a solid to strong improvement in sales sentiment in February.
All three categories of electronic components had encouraging sales sentiment and surpassed expectations in February by 12.7 points as it rose to 90.7. Expectations in March continue to improve as the outlook is for 96.3 in the coming month.
Three end-market sentiment measurements came in above the 100 thresholds in February with avionics/military/space, automotive and industrial, reaching 125.6, 108.7 and 103.6, respectively.
A sense of optimism has grown in all areas as most segments move closer to the 100 level with a few passing this threshold. Measures above 1,000 reflect expectations of improved month-to-month sales, ECIA said.
About the ECIA ECST 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 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 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.
Interested in reading the entire ECST report? Click here for more info.
The 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.