The monthly electronic component order index compiled by the Electronic Components, Assemblies & Materials Association (ECA) dipped in September, confirming an onslaught of reports from various suppliers indicating an industry slowdown.
The index, compiled through order data from the Association's member companies, fell after posting a sharp rise in August. The index's year-to-date average remains 10 percent above the average week for 2003.
"We've been riding a roller coaster over the last four months -- up in June, flat in July, up again in August and now down in September," said Bob Willis, ECA president, in a statement. "This is the first time this year that the monthly index has been down compared to the same month last year. Any trends for the rest of this year and early 2005 probably won't be evident until six weeks into the fourth quarter."