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Bob Carey
Chief Market Strategist
Brian Wesbury
Chief Economist
Investment Insights
Factoid of the Day Thursday, April 24, 2014
Worldwide sales of semiconductors rose 11.4% (y-o-y) to $25.87 billion in February, according to the Semiconductor Industry Association. It marked the highest increase (y-o-y) in more than three years. Like January, sales growth was  strongest in the Americas, with volume up 18.0% (y-o-y). Sales rose 12.0% in the Asia Pacific region and 9.6% in Europe. From 4/23/13-4/23/14, the Philadelphia Semiconductor Index posted a total return of 39.33%, compared to 27.27% for the S&P 500 Information Technology Index and 21.33% for the S&P 500.
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