LONDON Electronic component orders bounced back in June from a small dip the month before, according to the four-to-five week average index compiled by the Electronic Components, Assemblies & Materials Association (ECA).
The Association said the 12-month average, which compares order growth to the previous year, remained flat.
Orders are said to have started slowly in the first week of June and picked up momentum toward the end of the month, creating some optimism for the rest of the summer.
"It's nothing to jump up and down about, but the stable growth of the last two years shows a more mature supply chain that is able to chart a steady course through market fluctuations," says Bob Willis, ECA president. "I don't think we could say that five years ago."
Willis adds the overall forecast for 2007 remains positive, but suggests growth will be slower than last year.
The ECA represents manufacturers and producers of passive and active electronic components, component arrays and assemblies, and materials and support services.