SAN JOSE — North America-based semiconductor equipment manufacturers posted $1.26 billion in orders worldwide in February, down 3.9% from a a year ago.

The 90-day moving average basis bookings in February were 3.7% lower than the revised January 2016 levels, SEMI added.

The three-month average worldwide billings was $1.20 billion, down 1.3% sequentially and 5.9% from February 2015.

The book-to-bill ratio was 1.05, meaning that $105 worth of orders were received for every $100 of product billed for the month. It was the third straight month the ratio was at or above parity, which is generally considered an indicator of future expansion.

Source: SEMI (www.semi.org), March 2016

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