European semiconductor sales remain on an upward trajectory, according to the latest business index from economic research firm e-forecasting.com
The forward-looking composite index that forecasts six months ahead, on average business went up 1.3% in January to a reading of 183.3, after an increase of 1.5% in December.
The index was set to average 100 in 2000.
“The European semiconductor industry leading indicator continues to grow, although the pace continues to slow, as noted last month, " commented Maria Simos, CEO of
e-forecasting.com.
This is the 13th month in a row that the indicator has pointed up.
“The six-month growth rate continues to steadily remain well above the long term growth rate, showing the industry will continue to be in expansion, although the growth will start to slow later this year,” said Simos.
See also: Semi market heads to double digit annual growth rates - IFS 2010
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