Global Citizenship: What I’ve Learned About the American PCB Business
Global Sourcing Spotlight: The Best Products to Buy Offshore Through Global Sourcing
Nolan's Notes: The Rise (and Risk) of Data
Electronics Industry Sentiment Rose in April, Hitting New High
May 2, 2024 | IPCEstimated reading time: 1 minute
According to IPC’s April Sentiment of the Global Electronics Manufacturing Supply Chain, April 2024 marked the third consecutive month of sentiment growth among electronics manufacturers.
When asked if they expected labor costs for hourly workers to rise over the next month, manufacturers in the United States, Mexico, and Europe predicted a five percent increase, while manufacturers in Asia predicted a slightly lower four percent increase.
Approximately 54 percent of electronics manufacturers are experiencing rising labor costs, and just over 43 percent are reporting rising material costs. At the same time, ease of recruitment and profit margins are presently declining.
Additional survey data show:
- The Demand Index slipped 0.23 percent in April, the New Orders Index recorded a two-point decline, and the Shipments Index and Capacity Utilization Index each fell one point.
- The Cost Index declined to its lowest level despite persistent inflationary pressures. The index remains in expansionary territory but continues to ebb lower.
- Both the Labor Costs Index and the Material Costs Index declined four points.
IPC Chief Economist and survey author Shawn DuBravac said, “The industry outlook remains strongly positive, though it has slightly softened over the last month due to a more moderate demand forecast. Over the next six months, electronics manufacturers expect labor and material costs to remain relatively stable. Notably, orders, shipments, and capacity utilization are all expected to rise considerably over the next six months.”
Share on:
Suggested Items
IPC: Electronics Industry Sentiment Drops Sharply in September Following Brief August Rebound
10/01/2024 | IPCIndustry sentiment in the electronics sector declined significantly in September due to rising cost concerns and weakening demand according to IPC’s September Sentiment of the Global Electronics Manufacturing Supply Chain Report.
Cost-optimize Your PCB Design and Specifications
08/20/2024 | Erik Pedersen and Richard Koensgen, ICAPE GroupKnowledge is the key to identifying the small details that makes the big cost difference for your printed circuit board. There are many types of printed circuit boards and multiple choices between the development of schematic and BOM to PCB technology selection, electronic PCB design, mechanical and physical properties, and PCB specification.
Electronics Industry Sentiment Rebounds in August After Three-Month Decline
08/15/2024 | IPCSentiment in the electronics industry saw a modest uptick in August, though it remains below the peak observed in April 2024. The improvement was driven by stronger demand and reduced costs according to IPC’s August Sentiment of the Global Electronics Manufacturing Supply Chain Report.
Jabil Earns Fourth Consecutive Top Score on Disability Equality Index
08/06/2024 | JabilJabil Inc. announced that it has earned the top score of 100 on the 2024 Disability Equality Index®, the world’s most comprehensive benchmarking tool for Fortune 1000-scope companies to understand how organizational policies and practices are creating a more inclusive workplace for employees with disabilities, while assessing performance across industry sectors.
IPC Releases July 2024 Global Sentiment of the Electronics Supply Chain Report
07/24/2024 | IPCSentiment among electronics manufacturers slipped in July, dropping to the lowest level in a year. Despite the decline, sentiment remains above its long-term average according to IPC’s July Sentiment of the Global Electronics Manufacturing Supply Chain Report.