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ECA Order Index Shows Continued Growth in April
May 20, 2004 |Estimated reading time: Less than a minute
Arlington, Va. — The monthly order index compiled by the Electronic Components, Assemblies & Materials Association (ECA) continued its upward trend in April, marking the ninth month in a row in which the 12-month moving average has risen.
ECA's index is consistent with other recent reports from industries that rely on electronic components. According to the Federal Reserve Board, U.S. electronics and computer production increased 1.1 percent between February and March. The Semiconductor Industry Association (SIA) reports that March sales rose 4.4 percent from February to March, and market research firm IDC predicts that sales of LCD panels will grow by 56 percent this year, reaching $37 billion.
ECA cites the recent success of the CARTS and EDS trade shows, as well as strong advance registration for the upcoming ECTC event, as additional signs of industry resurgence.
The Electronic Components, Assemblies & Materials Association (ECA) represents manufacturers and producers of passive and active electronic components, component arrays and assemblies, and materials and support services. For more information, visit www.ec-central.org.