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 Asia Pacific Semiconductor Industry
Leading Indicator
ASIA PACIFIC CHIP SALES LEADING INDICATOR UP IN JULY
Durham, NH USA– September 3rd, 2008
– Economic research firm e-forecasting.com today announced that
the Asia Pacific Semiconductor Chip Sales leading indicator
increased in July by 0.5 percent to a reading of 359.4, after
declining 1.8 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, 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 is coming off a
peak reached last July, since then the index has gone down 30
points,” 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 July, the chip equipment leading indicator fell 6.5
percent, after a decline of 8.7 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 six components that make up the leading indicator
for semiconductor sales in the Asia Pacific market improved in
July: Monetary Conditions, US Yield Curve; North America Demand
Outlook, NAFTA Composite Leading Index 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; New Orders
for Computers & Electronics, US Manufacturers 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
info@e-forecasting.com
Phone: 603-868-7436
# # #
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