POS Index January 2017 through March 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.
March of 2018 exceeded March of 2017 by 4%, and was 18% over the January, 2017 index base point. March is typically one of the best if not THE best month of the year and this March certainly didn’t disappoint. First quarter of 2018 was up almost 7% as compared to 1st quarter of 2017. We continue to see a strong start to 2018.