Atlanta – The June market sentiment index average measured by ECIA’s Industry Pulse survey hit a five-year high at 154.1. The all-time high in the average index was achieved more than five years ago, in March 2021, at 157.7.

“The June survey results are surprising,” commented ECIA Chief Analyst Dale Ford. “Especially given that the June forecast in the May survey called for the average index to drop by over 15 points, to 131.1. The actual change between May and June in the average index was a 7.5-point improvement.”

In spite of the actual results in June compared to the forecast, survey participants continue to lack confidence in the future market direction. The forecast for July predicts a drop of nearly 17 points, down to 137.2. “To balance this analysis, it is important to note that the forecast component index averages still range between 129 and 147 – very strong scores well above the 100-point threshold for growth expectation,” Dale concluded.

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The complete ECIA Industry Pulse: Electronic Component Trends and Sentiment Report is delivered to all ECIA members as well as others who participate in the survey. All participants in the electronics component supply chain are invited and encouraged to participate in the report so they can see the highly valuable insights provided by the Industry Pulse: Electronic Component Trends and Sentiment report. The return on a small investment of time is enormous!

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