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SAN JOSE — The 90-day moving average orders for North America-based semiconductor equipment manufacturers fell 1.5% year-over-year on seasonality.

Manufacturers reported $1.28 billion in orders worldwide in July, according to SEMI. Bookings were down 10.2% from the revised June numbers.

The book-to-bill ratio was 0.87, meaning that $87 worth of orders were received for every $100 of product billed for the month. A ratio below 1.0 is considered a sign of near-term recession. It was the second straight month of negative growth.

The three-month average worldwide billings in July was $1.48 billion, down 3.9% from the revised June figures and down 2.9% from July 2011.

Semiconductor equipment demand is considered a leading indicator for future printed circuit board and assembly demand.

Source: SEMI August 2012

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