ATLANTA – The electronic component sales sentiment index points to an acceleration in its steep decline for the December forecast, according to ECIA’s most recent survey.
BANNOCKBURN, IL – The US auto sector has historically maintained an inventory-to-sales ratio of nearly 2.4, says Shawn DuBravac, Ph.D., chief economist, IPC, in a report released today. That means under normal conditions the auto sector could cover some 10 weeks of sales with inventory on-hand. Today, however, inventory-to-sales for new vehicles is 0.389, which means the auto sector can only cover 12 days of sales with current inventory levels.