FOR IMMEDIATE RELEASE
Maria E. Simos
65 Newmarket Road
Durham, NH 03824
e-forecasting.com releases Asia Pacific Semiconductor Industry
ASIA PACIFIC CHIP SALES LEADING INDICATOR PLUNGES IN AUGUST
Durham, NH USA– October 2nd, 2008
– Economic research firm e-forecasting.com today announced that the Asia Pacific Semiconductor Chip Sales leading indicator fell in August by 2.05 percent to a reading of 335.9, after declining 4.2 percent in July. The index was set to average 100 in 2000.
The indicator, comparable to the company’s other global regional semiconductor industry indicators for North America, Japan and Europe, is a forward-looking composite index that forecasts six months ahead, on average, business activity in the region for equipment sales for semiconductors.
“The Asia Pacific chip sales leading indicator continues to fall sharply from a peak reached last August. It has fallen nearly 15% from a year ago the last two readings,” stated CEO Maria Simos. The six-month growth rate is commonly used in business cycle analysis for both signaling impending turning points in business activity and as a recession monitor. In August, the chip equipment leading indicator fell 17.3 percent, after a decline of 16.2 percent in July. Consecutive negative values in the indicator's six-month growth rate predict an end to an economic expansion and the beginning of an upcoming recession.
Three of the six components that make up the leading indicator for semiconductor sales in the Asia Pacific market improved in August: New Orders for Computers & Electronics, US Manufacturers ; Monetary Conditions, US Yield Curve and Japanese Demand Outlook, Leading Diffusion Index. The three components that had a negative contribution to the leading indicator for semiconductor sales in the Asia Pacific market were: Asia Pacific Demand Prospects, 10-Country Leading Index*; North America Demand Outlook, NAFTA Composite Leading Index and EU (Germany, UK & France) Demand Outlook, Composite Leading Index.
e-forecasting.com, an international economic research and consulting firm, offers forecasts of the economic environment using proprietary real-time economic indicators and produces company and industry-specific leading indicators for its clients. In cooperation with its affiliate, Infometrica, Inc., e-forecasting.com works with business publications and clients across the globe to provide industry, country and state-level economic content on a monthly and quarterly basis thus their predictive intelligence input is used by practitioners around the world.
For a full press release including charts,
please see attached PDF or contact:
Maria E. Simos
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