ALPHARETTA, GA – Electronic component growth is expected to continue in November but at a slower rate than September and October, according to a recent ECIA survey.
Typical seasonal growth is being dampened by Covid-19 recovery, according to reports, and is most likely connected to the overall economic environment.
November expectations for electro-mechanical/connectors, passives and semiconductors, as well as the end-market are aligned, with the index registering between 116 and 119 in November for all categories. A number above 100 indicates expected growth.
Survey results for expected end-market growth show optimism for improving performance across all sectors, with the index above 100 for the third consecutive month in all categories, except for consumer electronics at 96 in the August survey predicting September.
Automotive electronics and industrial electronics are showing expectations for improved performance. This could be impacted by a surge in cases of Covid-19 during the winter. However, optimistic expectations for near-term growth are being reported by the electronics components supply chain.