ATLANTA – The overall electronic component sales sentiment fell by 13.4 months in June, marking the second consecutive month of decline, according to ECIA's Electronic Component Sales Trend survey.

The index score of 98.9 points represents a combined decline of over 25 points across May and June, and erased all upward progress that had been achieved since the start of the year in January.

"Once again, survey respondents expect a rebound in July with the outlook calling for an improvement of 13 points, recovering to 111.9," said ECIA chief analyst Dale Ford. "However, after two consecutive months of major forecast misses, confidence in this outlook is shaky at best. Market sentiment for the first half of 2024 has essentially been reset to where it started the year. Hope for 2024 is still found in the expectation coming into 2024 that growth for the year would be driven by second half performance."