Japan Electronic Equipment, Device and Component Update

JEITA just released May domestic electronics production.

  • Despite a seasonal downturn Japanese electronic equipment production was up 4.4% in May 2017 vs. May 2016. On a 3/12 basis comparing March to May 2017 versus the same three months in 2016 electronic equipment production rose 1.2% (Charts 1 & 2).
  • Passive component production dipped sequentially from April to May but rose 6% compared to May 2016 and was up 2.4% on a 3/12 basis (Chart 3).
  • PCB production also declined sequentially from April to May (Chart 4) but finally returned to growth on a 3/12 basis (Chart 5).
  • Electronic device and component production continues to expand (Chart 6).
  • Semiconductor shipments to Japan continue to grow at an accelerating rate but are now well in excess of electronic equipment demand (Chart 7).
  • The Japan PMI leading indicator eased a bit in June but still remains well into growth territory (Chart 8). This PMI points to further printed circuit board growth ahead (Chart 9).

Source: www.jeita.or.jp

Source: www.markiteconomics.com

Source: www.semiconductors.org

Japanese Semiconductor and Flat Panel Display Equipment Shipments

  • The Semiconductor Equipment Association of Japan recently reported that global shipments of SEMI equipment by Japanese manufacturers rose sharply in June (Chart 10). It should be noted that these shipments fluctuate significantly month-to-month.
  • Japanese flat panel display equipment declined in June (Chart 11).

Source: www.seaj.or.jp/english

Euro at 2-year High versus Dollar

Following the recent G20 conference in Germany the U.S. dollar dropped significantly in value versus the euro (Chart 12).

Source: http://research.stlouisfed.org/fred2/series/TWEXBMTH

World Industrial Production Growth by Major Country

With the exception of Britain which has been impacted by the Brexit initiative all major countries in the world are now reporting positive industrial production growth (Chart 13).

Source: www.economist.com

Global Digital Camera Shipments

Although “Point & Shoot” (non-interchangeable lens) cameras sales have dropped 87% from their 2012 peak (thanks to cell phone competition), sales of higher end interchangeable lens cameras are holding steady (Chart 14).

Source: www.cipa.jp/

U.S. Economy

U.S. consumer confidence remains high (Chart 15) and civilian unemployment is at a near 9-year low (Chart 16).

Source: www.conference-board.org

Source: www.bls.gov/news.release/empsit.a.htm

Walt D. Custer

Walt Custer

Walt Custer is an industry analyst focused on the global electronics industry. Prior to forming Custer Consulting Group he was Vice President of Marketing and Sales for Morton Electronic Materials, a global supplier of specialty chemicals and process equipment for the PCB industry.

Custer has been a member of the IPC trade organization since 1975 where he received both the President's and the Raymond E. Pritchard Hall of Fame Awards. He is currently a member of the IPC Executive Market & Technology Steering Committee. Custer is also a Director of the EIPC European PCB trade organization.

He authors regular “Market Outlook” columns for Global SMT & Packaging magazine, the Journal of the HKPCA and the TTI MarketEYE website.

View other posts from Walt D. Custer. View other posts from Walt D. Custer.
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