ARLINGTON, VA -- Electronic component orders rose in July, the Electronic Components Association said today, revising an earlier report indicating that the key leading metric had declined.

ECA said the reversal was due to incorrect estimates made when certain component vendors failed to report their orders in time for the monthly report. The trade group had reported component orders had fallen year-over-year in an Aug. 13 press release.

The 12-month average, comparing this year’s results to last year’s, continued an ascent that began last summer, ECA reaffirmed.

ECA’s monthly report consolidates order information collected in confidence from leading electronic component manufacturers. Numbers are sometimes estimated based on recent trends when vendors do not report on a timely basis. The estimated numbers accounted for the erroneous report last Friday of a dip in orders for July.

“We apologize for any problems this has caused and we’re glad that we were able to uncover the mistake and correct it in a timely manner,” said Bob Willis, ECA president. “The good news is that orders continue to rise and the market is at its highest level in two years.”

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