POS Index January 2018 through March 2020
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 2018 as its base point and then compares POS by month.
After contemplating POS Index measurements, it was decided to continue to use January of 2018 as the base point. The number of manufacturers included in the index is still about ninety companies. The Budde Marketing POS Index is arguably the most complete benchmark of POS activity that our industry has at this time.
March was the best month of 2020, however, this is consistent with previous years where March is always a strong month. When comparing March 2019 to 2020, POS numbers are actually down a little over 3%. In 2020 the 1st quarter POS is down about 2% from the first quarter 2019. The POS numbers are down slightly, but compared to other industries the electronic distribution world is doing well during this unprecedented pandemic, which has seen record unemployment. April could show deeper reductions in POS as the pandemic’s economic impact gained a stronger grip on the economy.