Hi Dylan - the latest, monthly run of the Cowan LRA Model for forecasting global semi sales likewise came in at 5.0 percent for 2011's sales growth expectation.
The updated model run reflects the WSTS's June actual sales number of $27.11 billion published on Aug 3rd. The latest calculated sales growth result dropped 1.7 percentage points from last month's prediction of 6.7 percent. The latest 2011 global sales is projected to $313.4 billion and dropped from last month's forecast estimate of $318.4 billion.
Looks like many of the major semi industry market watchers are llkewise "zeroing in" on a 5 percent growth forecast for 2011 with many of them lowering their estimates over the past month or so.
Mike Cowan, independent semi industry analyst and ddeveloper of the Cowan LRA forecast model
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