ATLANTA – The electronic component sales sentiment fell to 98.8 in September, marking a decrease of nearly 10 points from August and ending a two-month trend of positive sentiment, ECIA reported in its monthly Electronic Component Sales Trend survey results.
"While the September results are only slightly below the threshold of 100, the main message is that the momentum that appeared to be building has been lost," said ECIA chief analyst Dale Ford. "The market is still struggling to gain its footing to support consistent month-to-month growth. The results of the Q3 2024 ECST survey give cause for optimism looking toward the end of the year as expectations for Q4 sales improvement over Q3 was very solid across product and market segments."
The ECST survey provides visibility on industry expectations in the near-term through the monthly and quarterly surveys to give perspective to participants up and down the electronics components supply chain. In the long term, ECIA shares in the optimism for the future as the continued introduction and market adoption of exciting innovative technologies should motivate both corporate and consumer demand for next-generation products. View the complete summary report here.