In the past, semiconductors have ridden a boom-or-bust cycle dependent on new product cycles and general economic conditions, said the analyst.. Low inflation and continued global expansion are likely to boost revenues, capacity utilization, pricing and improve margins.
Tomorrow Producer Prices: Oct. Wednesday Capacity Utilization: Oct. Consumer Price Index: Oct. Federal Budget: Oct. Housing Construction: Oct. Industrial Production: Oct. Thursday Weekly Jobless Claims Leading Indicators: Oct. Friday None.
(Wednesday) ECONOMIC INDICATORS -- Producer Price Index and retail sales for May (Tuesday); consumer prices, capacity utilization and industrial production for May, and the inventory-to-sales ratio for April (Wednesday); and housing construction for May and jobless claims for the week of June 6-11 (Thursday).
Compare this correction and this cycle in tech to one that was a bona fide bear market both for demand and production and capacity utilization and relative share prices, the one that occurred from 1983 to roughly 1992.
The economic calendar is once again full, with reports on December retail sales, producer and consumer prices, capacity utilization and industrial production.
Inventory-Sales Ratio: May TUESDAY Industrial Production: June Capacity Utilization: June WEDNESDAY Consumer Price Index: June Housing Construction: June THURSDAY Balance of Trade: May Leading Indicators: June Weekly Jobless Claims FRIDAY Federal Budget: June.
ECONOMIC REPORTS Data this week will include housing starts, import prices and industrial production and capacity utilization for July (Tuesday); the Producer Price Index for July (Wednesday); and weekly jobless claims, the consumer price index, existing home sales and leading economic indicators for July, and the Philadelphia Fed manufacturing index for August (Thursday).
Wednesday: Trade Balance, Import/Export Prices, Treasury Budget Thursday: Retail Sales, Consumer Price Index, Initial Claims Friday: Producer Price Index, Capacity Utilization, Industrial Production.
High steel capacity utilization would mean higher steel prices, but lead to investment and more capacity, so that prices would stabilize and even drop.
None Tomorrow Balance of Trade: May Federal Budget: June Wednesday Retail Sales: June Thursday Inventory-Sales Ratio: May Producer Prices: June Industrial Production: June Capacity Utilization: June Weekly Jobless Claims Friday Consumer Price Index: June.
