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Category: Market News
SAN JOSE -- North American manufacturers of semiconductor equipment booked $754 million in orders in September 2008 on a three-month average basis, down 13% from revised August figures and off 39% year-over-year.
The book-to-bill ratio was 0.76, meaning $76 worth of orders were received for every $100 of product billed for the month, SEMI said.

The three-month average worldwide billings for the month, was $990 million, down 7% from August and 36% from September 2007.
"The continued decline in capex spending is accompanied by a major global economic downturn that may have a significant impact on overall consumer electronics spending," said Stanley T. Myers, president and CEO of SEMI, in a press release. "Clearly, concern over these larger economic issues is restraining any immediate capacity investment plans."

Details
Category: Market News
WASHINGTON, DC – Big industry production fell lower in September than it had since late 1974, largely as a result of hurricanes Gustav and Ike.
 
The Federal Reserve reported production at US factories, mines and utilities plunged 2.8% last month, in addition to a 1% drop in August.
 
The Fed estimated hurricane-related disruptions accounted for about 2.25 points of the total drop. In addition, a strike affecting the commercial aircraft industry also was a factor, accounting for around 50 basis points.
 
Economists originally forecast a September decline of 0.8%.

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