ATLANTA – The electronic component sales sentiment climbed to 90.6 in February, according to the Electronic Components Industry Association's latest Electronic Component Sales Trends survey, beating expectations for the month and continuing an upward trend that began in December.
“Overall average sales sentiment leapt again in February as it increased by 8.4 points from January’s level reaching 90.6 points,” said ECIA Chief Analyst Dale Ford, author of the report. “This completely outstrips the February forecast from the January survey by 12.7 points. It is also a jump of 39.5 points from the low set in November. The relatively optimistic outlook carries forward into the March forecast with growth to 97.6, an increase of another 7 points."
The recovery of sales sentiment scores for components and markets supports a soft-landing scenario in the market that has been hoped for by most electronics component supply chain participants.
The complete ECIA Electronic Component Sales Trends (ECST) Report is delivered to all ECIA members as well as others who participate in the survey. Non-members can purchase the ECST report at https://www.ecianow.org/purchase-reports