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 Japan Semiconductor Equipment Sales
Leading Indicator
LEADING INDICATOR OF JAPAN CHIP SALES FELL IN JULY
Durham, NH USA– September 3rd, 2008
– Economic research firm e-forecasting.com today announced that
the Japan Semiconductor Equipment Sales leading indicator
dropped by 0.1 percent to a reading of 172.0, following an
increase of 0.2 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 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 six month growth rate of the Japan chip equipment sales
leading indicator is at about half of its long-term rate of 9.4
percent, which shows that the industry is not quite performing
at its full potential but is faring well than all the other
regions we cover,” announced 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
rose 4.8 percent, after an increase of 5.6 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.
Two of the seven components that make up the leading indicator
for Japanese sales of semiconductor equipment improved in July:
Japanese Leading Diffusion Index and Japanese Short-term
Interest rates. The five components that had a negative
contribution to the leading indicator for Japanese semiconductor
equipment sales were: Productivity Barometer, US Manufacturing;
Japan Competitiveness, 27-country Yen Index; Non-Japan Demand
Prospects, Top-34 partner-countries; Change in Profit Margins,
US Semiconductors and Japanese Yield Curve.
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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