POS Index January 2017 through May 2018
The POS Index is a representation of a significant number of manufacturers POS activity that are primarily engaged in the electronic components industry. Products that will be included in the index are passive/electromechanical in nature, including (but not specific to) commodities such as wire & cable, switches, connectors, circuit protection, electronic hardware, resistors, capacitors, et.al. The index charts POS activity beginning with January of 2017 as its base point and then compares POS by month.
When starting a new calendar year, our index is structured so that the new base point is the beginning of the previous year. Therefore, January of 2017 now becomes the new base point. We have also added five new manufacturers into the mix. This will bring the number of manufacturers included in the index up to over ninety companies. The Budde Marketing POS Index is arguably the most complete benchmark of POS activity that our industry has at this time.
May of 2018 was up slightly over April 2018 and represents the second largest month so far in 2018, behind March, 2018 record numbers. When comparing May of 2017 to 2018, last month was 8% higher than same month last year. First five months of 2018 are up 9% over same time period of 2017. 2018 continues to see a strong solid growth year for the industry.