FOR IMMEDIATE RELEASE
Contact:
Maria E. Simos
65 Newmarket Road
Durham, NH 03824
Phone: 603-868-7436
http://www.e-forecasting.com
info@e-forecasting.com
e-forecasting.com releases European Semiconductor Industry
Leading Indicator
EUROPEAN SEMICONDUCTOR INDUSTRY LEADING INDICATOR FALLS IN JULY
Durham, NH – September 3rd 2008
–
Economic research firm e-forecasting.com today announced that
the European Semiconductor Sales leading indicator fell in July
by 0.1 percent to a reading of 153.2, after increasing 0.4
percent in June. 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 is starting to get out of negative territory, with
three positive readings in a row. If this trend continues over
the next couple of months, the slowdown will be short-lived and
the industry may avoid a major setback in sales” 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 July, the chip
leading indicator rose 0.7 percent, after an increase of 0.9
percent in June. 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.
Two of the seven components that make up the leading indicator
for semiconductor sales in the European market improved in July:
Non-EU Demand Prospects, Top-10 partner-countries and US
Monetary Conditions, Yield Spread. The five components that had
a negative contribution to the leading indicator for
semiconductor sales in the European market were: Productivity
Barometer, US Manufacturing; Productivity Barometer, European
Manufacturing; Change in Profit Margins, US Semiconductors;
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.
For a full press release including charts, please
see attached
PDF or contact:
Maria E. Simos info@e-forecasting.com
Phone: 603-868-7436
# # #
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