Feb 12, 2024 Electronics Industry sentiment improved during January, with electronics manufacturers, on average, stating that they expect 5.2 percent revenue growth for 2023, with an increase to 9.5 percent in 2024, according to IPC’s January 2024 Global Sentiment of the Electronics Supply Chain Report.
Labor and materials costs continue to rise, with 59 percent of electronics manufacturers experiencing a rise in labor costs while 45 percent report rising material costs.
“Industry insiders appear optimistic about 2024,” said Shawn DuBravac, IPC chief economist. “Demand sentiment rose in January, driven primarily by stronger shipment data.”
Additional survey data show:
- The New Order Index rose 1 point to 102.
- The Shipment Index rose 5 points to 110.
- The Backlog Index was flat at 94.
- The Capacity Utilization Index remained steady at 106 for the third consecutive month.
- Cost measures remain at an all-time low, remaining flat for the third consecutive month.
For the report, IPC surveyed hundreds of companies from around the world, including a wide range of company sizes representing the full electronics manufacturing value chain. View full report.
IPC (www.IPC.org) is a global industry association based in Bannockburn, Ill., dedicated to the competitive excellence and financial success of its 3,200+ member companies which represent all facets of the electronics industry, including design, printed board manufacturing, electronics assembly, and test. As a member-driven organization and leading source for industry standards, training, market research and public policy advocacy, IPC supports programs to meet the needs of an estimated $2 trillion global electronics industry. IPC maintains additional offices in Atlanta, Georgia; Washington, D.C.; Miami, Fla.; Mexico City, Mexico; Munich, Germany; Brussels, Belgium; Bangalore and New Delhi, India; Bangkok, Thailand; and Qingdao, Shanghai, Shenzhen, Chengdu, Suzhou and Beijing, China.
»
