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Asia Pacific chip sales dip in 1.5% in June

Posted: 20 Aug 2010 ?? ?Print Version ?Bookmark and Share

Keywords:semiconductor? sales? market report?

The leading indicator for Asia Pacific semiconductor chip sales of economic research firm e-forecasting.com went down 1.5 percent in June to a reading of 362.7, after staying flat in May, the company reports. The index was set to average 100 in 2000.

The indicator is a forward-looking composite index that forecasts six months ahead, on average, business activity in the region for semiconductor sales.

The six-month growth rate is often used in business cycle analysis for signaling impending turning points in business activity and to monitor the recession. The semiconductor leading indicator's six month growth rate went up 41.5 percent in June 2010, after going up 62.2 percent in May. Consecutive positive values in the six-month growth rate predict an end to an economic recession and the beginning of an upcoming expansion.

"The Asia Pacific region's semiconductor leading indicator has gone up 16 consecutive months but there are cautionary signs in this report as we are seeing the six month growth rate continue to slow," noted Evangelos Simos, chief economist of e-forecasting.com.

Despite the dip, four of the six components that make up the leading indicator for semiconductor sales in the Asia Pacific market improved in June: Asia Pacific Demand Prospects, 10-Country Leading Index; New Orders for Computers & Electronics, US Manufacturers; Monetary Conditions, US Yield Curve and North America Demand Outlook, NAFTA Composite Leading Index. The two components that had a negative contribution to the leading indicator for semiconductor sales in the Asia Pacific market were: EU (Germany, UK & France) Demand Outlook, Composite Leading Index and Japanese Demand Outlook, Leading Diffusion Index.





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