ATLANTA – After showing a relatively stable, modest decline in overall sentiment between June and October, the November outlook in the latest results from ECIA’s Electronic Component Sales Trend surveys points to a strong decline in expectations in the coming month.

While the average electronic component sales sentiment index declined by an average of three points per month in the prior four months, the average dropped over 12 points looking from October to November. The overall component index still shows a positive sentiment looking ahead. However, the outlook for November has now declined to 107.3 from its peak in March of 157.7. Looking at expectations from the perspective of the end-market average, the decline is more precipitous as it collapses from 118.1 in October to a 101.3 expectation for November. From the end-market perspective, the outlook for November monthly growth is essentially flat.

Distributors and manufacturer representatives report a more pessimistic outlook than manufacturers.

Analog ICs and discrete semiconductors show the most promising expectations for growth in November. Otherwise, the component subcategories have similar low-growth expectation looking ahead.

“Market growth appears to have moved to a new, lower phase of sentiment compared to the prior 15 months,” said ECIA chief analyst Dale Ford.

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