TEMPE, AZ -- The nation's top indicator of purchasing activity rose 2.7 points in May to its highest level in eight months as the manufacturing sector slowly emerges from the recession bottom.
LOS ALTOS, CA – The medical electronics industry is not immune to the recession. First-quarter equipment sales dropped 2.6% from last year, says Henderson Ventures. The downturn in sales is attributed to a combination of dropped insurance coverage and stricter approval policies.
Henderson forecast equipment production to grow up to 9.7% in 2011, on an economic recovery and federal stimulus.
STAMFORD, CT -- Gartner raised its outlook for the worldwide semiconductor market revenue, saying it will drop 22.4% in 2009, up from a February estimate of a 24.1% fall.
The firm cited better-than-expected first quarter PC shipments and inventory replenishment.
Gartner further guided for 4.9% growth in the second quarter.
The research firm forecasts overall sales of $198 billion for the year as stabilizing prices balance tepid consumer demand.
SAN JOSE, CA – Magma Design Automation Inc. reported fourth-quarter sales dropped 104% from last year to $34.1 million. For the fiscal year, sales fell 31% to $147 million.