FOR IMMEDIATE RELEASE
Maria E. Simos
65 Newmarket Road
Durham, NH 03824
e-forecasting.com releases European Semiconductor Industry
EUROPEAN SEMICONDUCTOR INDUSTRY LEADING INDICATOR ROSE IN AUGUST
Durham, NH – October 2nd 2008–
Economic research firm e-forecasting.com today announced that the European Semiconductor Sales leading indicator rose in August by 0.2 percent to a reading of 153.2, after decreasing 0.1 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, Asia Pacific and Japan, is a forward-looking composite index that forecasts six months ahead, on average, business activity in the region for sales for semiconductors.
“The six month growth rate of the European chip sales leading indicator continues to climb out of the red. It has gone up the four readings, which is a very promising sign for the region,” said 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 leading indicator rose 1 percent, after an increase of 0.6 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.
Four of the seven components that make up the leading indicator for semiconductor sales in the European market improved in August: Productivity Barometer, US Manufacturing; Non-EU Demand Prospects, Top-10 partner-countries; US Monetary Conditions, Yield Spread and Change in Profit Margins, US Semiconductors. The three components that had a negative contribution to the leading indicator for semiconductor sales in the European market were: Productivity Barometer, European Manufacturing; Orders to Inventories Ratio, US Electronics and European Short-term Interest Rates.
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.
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