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Sentiment among electronics manufacturers fell this month, after hitting a new high in April. Despite the decline, sentiment remains historically high according to IPC's May Sentiment of the Global Electronics Manufacturing Supply Chain Report.
When asked about PCB and EMS sales revenue growth/decline, electronics manufacturers more likely expect PCB and EMS sales revenue to increase in the United States in 2024 when compared to other regions. On average, electronics manufacturers anticipating a 2024 increase in either PCB or EMS sales revenue expect the percentage to range from 8 percent to 11 percent across all regions, while those anticipating a decrease in either PCB or EMS sales revenue believe the range will be between -8 percent and -12 percent year-over-year.
Regarding the outlook for the next six months, electronics manufacturers expect labor costs to come down slightly, while material costs are expected to remain relatively stable. Although ease of recruitment is expected to remain challenging, profit margins are predicted to improve considerably over the next six months, along with capacity utilization, shipments, and orders.
Additional survey data show:
These results are based upon the findings of IPC’s Current State of Electronics Manufacturing Survey, fielded between April 15 and April 30, 2024.
Click here to read the full report.
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