IQ Insider

Global Design and Sourcing Activity to Fall in Q3

Written by Supplyframe | Jul 19, 2024 9:06:51 PM

The Commodity IQ Design Index and the Commodity IQ Demand Index are forecast to decline quarter-over-quarter through Q3 by 5% and 8%, respectively. While decreases in the sourcing activities indicate falling demand, nearly 80% of electronic component commodities are projected to ebb by less than 5%, and over 40% will remain above the index baseline, signifying growth but at a slower rate. The component design picture in Q3 will show a different landscape, with 65% of commodities weakening by 5% or more. There may yet be some opportunities for cost-downs.