Walt Custer

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Walt Custer is an analyst focused on the global electronics industry at Custer Consulting Group.

Author's Latest Posts

A Mid-Year End Market Recovery For Semiconductors
By Walt Custer - 17 Sep, 2020 - Comments: 0

Although the semiconductor chip and capital equipment markets performed well in the first half of 2020, many of the electronic equipment end markets struggled globally. World electronic equipment sales declined almost 10% in 2Q’20 vs. 2Q’19 (chart 1). Better mid-year end market demand However, world business conditions are improving. The global purchasing managers index, a measure of broa... » read more

Semiconductors Up Globally, Warnings Ahead
By Walt Custer - 20 Aug, 2020 - Comments: 0

Things are picking up. Purchasing managers indices indicated July manufacturing increases in most key countries with only South Korea and Japan having PMIs still in contraction territory (chart 1). The Global PMI recovered sharply (chart 2), reaching 50.3 in July. Service sector still fighting pandemic The manufacturing sector is recovering but the service sector is still struggling, hit h... » read more

Impact Of Coronavirus Could Threaten Global Electronics Growth
By Walt Custer - 20 Feb, 2020 - Comments: 0

Data through December showed a steady recovery in the global electronic supply chain with SEMI equipment leading the way in 3/12 growth (Chart 1). The global purchasing managers index moved into expansion territory (PMI>50) in January indicating accelerating growth in world manufacturing activity (Chart 2). But in late January the Coronavirus (COVID-19) began to make its negative impact f... » read more

Semiconductor Equipment Growth Resumes For 2020
By Walt Custer - 23 Jan, 2020 - Comments: 0

The December Global Purchasing Managers Index was in zero growth territory (PMI = 50). However, the various country components varied significantly. With IHS Markit PMI data as a gauge of manufacturing activity, following are how some key electronics-producing countries and regions finished 2019. World Manufacturing Growth Flat to Start 2020 (Chart 1) To quote IHS Markit’s chief eco... » read more

Early 2020 Looks Promising For Semi Industry
By Walt Custer - 19 Sep, 2019 - Comments: 0

Reports of 2Q’19 financials from all of the major OEMs in our 213 company global sample show that their electronic equipment sales declined 1.4 percent compared to the same quarter of last year (Chart 1). This OEM group’s combined sales growth peaked in 2018 and then declined and was still falling in the second quarter of this year (Chart 2). Seasonality and currency exchange related ele... » read more

Electronics Industry Business Cycles Look Promising
By Walt Custer - 18 Jul, 2019 - Comments: 0

Although total electronics industry manufacturing activity is still far from expanding (3/12 is below 1.0), key global electronic industry monthly time series appear to have reached their 3/12 bottoms and now have begun to improve (Chart 1). Currently shipments are still shrinking, but at slowing rates. However real growth will only occur when these 3/12s exceed 1.0. Growth rates vary b... » read more

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