MANHASSET, N.Y. The monthly component order index compiled by the Electronic Components, Assemblies & Materials Association (ECA) continued rising in September, closing out a strong third quarter.
According to the ECA (Arlington, Va.), the ECA order index has been the inverse of 2004 through the first three quarters of 2005. Last year, order growth boomed at the start of the year and remained fairly strong before dipping in the second half of the year. This year started out weakly as manufacturers built up confidence in the market, the association said.
Order growth fluctuated during spring and early summer and then moved steadily upward over the last three months, the ECA noted.
"There is still a fair amount of apprehension among manufacturers, especially with rising energy prices and political uncertainty, but the overall atmosphere is optimistic," said Bob Willis, ECA president, in a statement.