Semiconductor sales pulled up after three tough weeks of sequential declines, fighting moving averages of y/y quarterly growth that are in a steady decline. Focusing on electronics prices this week: Strength in laptop prices are a key signal of end market strength. There's also strength in TVs, Appliances, and Digital Cameras due to COVID related component shortages.
These are key factors supporting Semiconductor Supply & Demand, which held at Balanced last week. However, conditions at OSATs continued to loosen up, where the weather was also cooling. Here the disruption of the U.S. restrictions on selling to Huawei are having an impact on confidence. While not enough to change classification, notable was a weakening in NAND, while DRAM and Analog & Power were stronger. The weather for Auto warmed as well.