Recent Updates

  • US: New Res Sales (Mar), S&P Case Shiller Home Price Indexes, FHFA HPI (Feb), Final Building Permits (Mar)
  • US: Steel Imports (Mar-Prelim)
  • US: Richmond Fed Mfg & Service Sector Surveys (Apr)
  • US: Consumer Confidence (Apr)
  • Belgium: Business Confidence (Apr)
  • US: Regional Building Permits (Mar and YTD)
  • Ireland: Bank Lending Survey (Q2)
  • France: BdF Bank Lending Survey (Q2)
  • more updates...

Economy in Brief

Semiconductor Sales Eased
by Tom Moeller June 7, 2005

April sales of semiconductors in the Americas as published by the Semiconductor Industry Association fell a sharp 21.1% following a like increase the month prior. This sideways movement in American sales of semis has been in place for roughly a year.

American sales of semiconductors account for 18% of the worldwide total, about half the percentage in 2000. Sales growth in the Asia/Pacific region averaged 41.3% last year, twice the American average, while sales in Japan rose 17.5%. The Asia/Pacific region currently accounts for just under one half of worldwide sales of semiconductors, up from less than one quarter in 2000.

During the last ten years there has been a 66% correlation between the y/y change in American sales of semiconductors and the change in real U.S. investment in equipment & software.

Semiconductor Sales April March Y/Y 2004 2003 2002
Worldwide $16.679B $20.556B 4.7% 28.0% 18.3% 1.3%
  Americas $2.920B $3.701B 3.8% 20.8% 3.4% -12.6%
large image