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 North America Semiconductor Leading
Indicator
NORTH AMERICA SEMICONDUCTOR CHIP SALES LEADING INDICATOR DOWN IN
JULY
Durham, NH – September 3rd 2008
–
Economic
research firm e-forecasting.com today announced that the North
American Semiconductor Chip Sales leading indicator decreased by
0.3 percent to a reading of 203.6, following an increase of 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 Japan, Asia Pacific and
Europe, 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 has gone up the last three readings,
which is a good sign for the industry. Typically, once the
direction of the index moves from negative to positive, the
trend continues,” noted 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 sales leading indicator
rose 1.2 percent, after an increase of 1.6 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.
Three of the nine components that make up the leading indicator
for semiconductor sales in the Americas market improved in July:
Non-US Demand Outlook, 35-Country Leading Index; Interest Rate
Spread, US Financial Markets and Long-Term US Consumer
Expectations. The six components that had a negative
contribution to the leading indicator for semiconductor sales in
the Americas market were: Productivity Barometer, US
Manufacturing; Weekly Production Hours, US Semiconductors;
Change in Profit Margins, US Semiconductors; Ratio of Orders to
Inventories, US Electronics; US Housing Market Barometer and
Business Activity, US Manufacturers.
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 complimentary chart to accompany this,
see PDF
file or further
information: http://www.e-forecasting.com or
Contact:
info@e-forecasting.com
Phone: 603-868-7436
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