A promising outlook for Europe
Data released for May shows reassuring signs for the European market: year-on-year growth on a 3 month average basis has turned slightly positive when measured in dollars and the pace of the growth appears stronger when measured in Euro.
However, the overall figures for May show the negative impact of April data, but still in line with the developments observed worldwide
This is evident primarily for Microprocessors, whose negative April performance prolongs its influence on the three months rolling average basis.
DRAM and Flash memory products were traded at higher volumes on the market compared to the previous month, with Flash NAND devices performing above average. Sales of Discretes, standard linear and logic, Microcontrollers and DSP also give a positive contribution to the quarter-to-date data European Semiconductor sales in May 2006 amounted to US$ 3.210 billion according to the World Semiconductor Trade Statistics (WSTS), down -0.7% versus the previous month. This corresponds to a 0.5% growth compared to the same month last year. On a YTD basis, semiconductor sales declined in 2006 by -3.0% versus the year 2005.
The exchange rate of the Euro compared to the US$ has a shrinking but yet an impact on the growth data in the recent months. Measured in Euro, semiconductor sales in May were EURO 2.605 billion, down -2.6% on previous month and up 5.7% versus the same month a year ago. On a YTD basis, semiconductor sales show in 2006 a growth of 3.2% versus 2005. On a worldwide basis, semiconductor sales in May were US$ 19.746 billion, up 0.7% versus the previous month. This results in an increase of 9.4% versus the same month in 2005 and on a YTD basis it results in a growth rate of 7.4%.
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