POS Index January 2016 through May 2017
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 2015 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 2016 now becomes the new base point. We have also added about fifteen new manufacturers into the mix. This will bring the number of manufacturers included in the index up to nearly ninety companies. The Budde Marketing POS Index is arguably the most complete benchmark of POS activity that our industry has at this time.
Based on the new analytics being used, May of 2017 shot back up from April, 2017 numbers. May of 2016 to May of 2017 shows a 6.5% increase year over year. Plus the first five months of 2017 are 4.2% up from the same time period last year. Over 80% of the manufacturers being included in the Index are showing increases for 2017. Generally a strong year for the industry.