July electronic component orders rise again

ARLINGTON, USA: An updated report from the Electronic Components Association (ECA) shows that electronic component orders rose in July, and not declined as reported on August 13.

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

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,” says Bob Willis, ECA president. “The good news is that orders continue to rise and the market is at its highest level in two years.”