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Electronic Component Orders Show Uptick in August, Says ECA
September 11, 2003 |Estimated reading time: Less than a minute
Arlington, Va. — Electronic component orders rose slightly in August compared to previous months, according to the monthly index issued by the Electronic Components, Assemblies & Materials Association (ECA).
Still, the 12-month moving average of the index remains flat, and industry watchers are cautious about the prospects of a recovery.
ECA said that the industry was buoyed by the Commerce Department's recent report that the gross domestic product in the U.S. grew by 3.1 percent in the second quarter. That is more than double the 1.4 percent growth for both the first quarter of 2003 and the last quarter of 2002. The Commerce Department said spending on capital equipment and software rose by 8.2 percent in the second quarter, higher than the expected 7.5 percent growth.
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.