“The holidays delivered good news for the electronic components industry as the overall electronic component average sales sentiment rebounded by 7.7 points following the discouraging November average of 58.1,” said Dale Ford, Chief Analyst, Electronic Components Industry Association (ECIA).
“With the year-end rebound to a component index average of 65.8 the continual downward trend of the past 20 months appears to have hit bottom.”
The relatively encouraging news extends into January 2023 with an index outlook of 80.0. Semiconductor components scored the strongest rebound in December as it jumped by nearly 19 points to 73.3. Passive components are expected to see a major improvement in January with a rebound of 25 points to 80.2. The Electro-Mechanical/Connectors index predicts a jump in January up to 79.8. Looking forward, the three major component index averages group closely around 80.
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 over the long term.
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