WASHINGTON — The 90-day moving average sales of semiconductors worldwide reached $31 billion in November, up 7.4% from a year ago.

Sales rose 2% sequentially, said the Semiconductor Industry Association.

November marked the market’s largest year-to-year growth since January 2015.

“Global semiconductor sales continued to pick up steam in November, increasing at the highest rate in almost two years and nearly pulling even with the year-to-date total from the same point in 2015,” said John Neuffer, president and CEO, Semiconductor Industry Association. “The Chinese market continues to stand out, growing nearly 16% year-to-year to lead all regional markets. As 2016 draws to a close, the global semiconductor market appears likely to roughly match annual sales from 2015 and is well-positioned for a solid start to 2017.”

Month-to-month sales increased modestly across all regions: the Americas (3.3%), China (2.7%), Europe (2.5%), Asia Pacific/All Other (0.7%), and Japan (0.4%). Year-to-year sales increased in China (15.8%), Japan (8.2%), Asia Pacific/All other (4.8%), and the Americas (3.2%), but fell slightly in Europe (-1.6%).

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