Highlights:
- Global design activities remained strong and grew in May. All regions observed growth with the EMEA region observing the most growth
- Global sourcing activities across the DSI Network have remained stable for the past 11 months, suggesting that the market may have hit the bottom. Overall, sourcing activities remained in the contraction territory with monthly global sourcing activities trending below the baseline
- We are seeing increase in design and sourcing activities from the computing, industrial machinery, industrial automation, and aerospace and defense sectors. The automotive sector continues to drive consistent levels of design and sourcing activities across the DSI Network
Outlook:
- Q2 2024 forecasts remain unchanged. Global design activities are projected to grow +5% quarter-over-quarter, while global sourcing activities are projected to decrease -5% quarter-over-quarter