European semiconductor industry leading indicator up in June
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.
“In June, the European semiconductor industry leading indicator gained some ground after having slowed three months in a row," commented Dr. Evangelos Simos, Chief Economist of e-forecasting.com.
The semiconductor leading indicator’s six month growth rate went recorded 1.9% in June 2011, after reaching 1.8% 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.
Four of the seven components that make up the leading indicator for semiconductor sales in the European market improved in June: Non-EU Demand Prospects, Top-10 partner-countries; US Monetary Conditions, Yield Spread; Change in Profit Margins, US Semiconductors and Orders to Inventories Ratio, US Electronics. The three 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 and European Short-term Interest Rates.
For further information: e-forecasting.com.
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