ChangeWave Research Report:2Q / 3Q 2013 Sector FindingsSemiconductors Lead for Second Consecutive Survey
Andy Golub
Overview: ChangeWave’s latest corporate quarterly survey shows the improvement that we picked up last quarter for the U.S. economy is continuing – led by a slight uptick in 2nd Quarter corporate sales growth and another rise in new hires. ChangeWave Research is a service of 451 Research.
The May 21-June 12 survey of 2,852 corporate respondents also shows improvement on a range of other indicators, including 3rd Quarter sales pipelines and cap spending budgets.
At the sector level, the results show Semiconductors as the momentum leader for the second consecutive quarter. Other sectors performing well include Technology/Networking Hardware, Energy Utilities and Manufacturing.
The table below presents a brief summary of these sectors in comparison to the overall survey results for all respondents. (Note that the numbers in parentheses represent the change from the previous quarter’s survey).
By clicking on any of the sectors below, you’ll immediately jump to a series of charts highlighting that sector’s survey results.
Table 1: Leading Sectors – Corporate Quarterly Survey
LeadingSectors
CurrentQuarter (2Q)
Sales
CurrentQuarter (2Q)
HiringTrends
CurrentQuarter (2Q)
Ability ToBorrow Money
CurrentQuarter (2Q)
Green Light forCustomerSpending
NextQuarter (3Q)
SalesPipeline
NextQuarter (3Q)
CapitalBudgets
Above MinusBelow Plan
NetChange
More MinusLess Hires
NetChange
Easier MinusHarder
NetChange
GreenLight
NetChange
Above MinusBelowPlan
NetChange
Increase Minus
DecreaseNet
Change
Total For AllSectors Surveyed -9% (+1) 7% (+3) 1% (+4) 42% (+3) 6% (+2) -2% (+3)
Most of the other sectors are holding steady, but Defense/Aerospace is lagging this quarter – not surprising considering the U.S. Government "sequester" cuts began rolling out in March.
Again, in the full report below you'll find a series of charts highlighting that sector's survey results.
You can also simply scroll down to review the highlighted sectors below, where you’ll find a complete set of charts for each – including:
Current 2nd Quarter 2013 Results Sales Results Hiring Trends Ability of Companies to Borrow Money Customer Willingness to Spend Product Inventories Price Pressures in the Marketplace
The ChangeWave Research Network is a group of 25,000 highly qualified business, technology, and medical professionals in leading companies of select industries—credentialed professionals who spend their everyday lives working on the frontline of technological change. ChangeWave surveys its Alliance members on a range of business and investment research and intelligence topics, collects feedback from them electronically, and converts the information into proprietary quantitative and qualitative reports.
We also asked Semiconductor Industry members a series of questions on the semi sector:(1A) Which of the following semiconductor sub-segments do you think will perform the best in 3Q 2013? (Choose No More Than Two)
Current SurveyJun ‘13
Previous SurveyMar ‘13
Previous Survey Dec ‘12
Previous SurveySep ‘12
Previous SurveyJun ‘12
Communications Chips for Cell Phones
62% 64% 75% 68% 57%
Communications Chips for Telecom and Data Networking Gear
(2) For each of the following semiconductor sub-segments, which would you say are currently exhibiting signs of an inventory buildup (i.e. a surplus), an inventory shortage (i.e. in short supply), or are having no inventory problems at all?
In terms of inventory, Memory Chips (+20) is seeing the most movement toward inventory shortages, while Communications Chips for Telecom and Data Networking Gear (-7) is seeing the most movement towards an inventory oversupply.
(3) What will be the key driver of the semiconductor industry for the next six months?
Current Survey Jun ‘13
Previous Survey Mar ‘13
Previous Survey Dec ‘12
Previous SurveySep ‘12
Previous SurveyJun ‘12
Consumer Marketplace (Electronics) 38% 21% 30% 43% 39%Communications Marketplace (Telecom and Data Networking)
30% 40% 36% 30% 26%
Business Marketplace (Computer and Storage Hardware)
7% 8% 7% 4% 7%
All of the Above 22% 23% 20% 12% 20%Don't Know 3% 8% 7% 11% 8%
Industry respondents believe the Consumer Marketplace (38%) will be the key driver for the semi industry over the next 6 months.
ChangeWave Research MethodologyThis report is based on a survey of ChangeWave Alliance members conducted online between May 21 – June 12, 2013. The goal of the survey was to get an up-to-date picture of the health of the U.S. Economy and its sectors, including any changes during the 2nd Quarter of 2013. A total of 2,852 accredited ChangeWave members participated in the survey.
ChangeWave's proprietary research and business intelligence gathering system is based upon the systematic gathering of valuable business and investment information directly over the Internet from accredited members of its research network.
The business and investment intelligence provided by ChangeWave provides a real-time view of companies, technologies, and consumer and business trends in key market sectors, along with an in-depth perspective of the macro economy – well in advance of other available sources.
About ChangeWave ResearchChangeWave Research, a service of 451 Research, is a survey research firm that identifies and quantifies change in corporate buying & business trends, telecom trends, and consumer spending & electronics trends.
The ChangeWave Research Network is a group of 25,000 highly qualified business, technology, and medical professionals – as well as early adopter consumers – who work in leading companies of select industries. ChangeWave surveys its Network members weekly on a range of business and consumer topics, and converts the information into a series of proprietary quantitative and qualitative reports. ChangeWave delivers its products and services on the Web at www.ChangeWaveResearch.com.
451 Research, LLC, including its ChangeWave Research service, does not make any warranties, express or implied, as to results to be obtained from using the information in this report. Investors should obtain individual financial advice based on their own particular circumstances before making any investment decisions based upon information in this report.
About 451 Research451 Research, a division of The 451 Group, is a leading global analyst and data company focused on the business of enterprise IT innovation. Clients of 451 Research – at end-user, service-provider, vendor, and investor organizations – rely on 451 Research’s insight through a range of syndicated research and advisory services to support both strategic and tactical decision-making. For additional information on 451 Research, go to: 451research.com.
For More Information:ChangeWave Research Telephone: 301-250-23637101 Wisconsin Ave. Fax: 240-200-3988Suite 1301 www.ChangeWaveResearch.comBethesda, MD 20814 [email protected]
