SAN JOSE, CA – North America-based semiconductor equipment manufacturers saw the 90-day moving average orders rise 11% year-over-year in May.

Orders were down 0.8% sequentially to $1.56 billion, says SEMI.

The three-month average of worldwide billings in May was $1.57 billion, up 11.6% year-over-year and up 3.7% sequentially.

Compared to a year ago, both bookings and billings continue to trend at higher levels, the trade group said.

The book-to-bill ratio was 0.99. A book-to-bill of 0.99 means $99 worth of orders was received for every $100 of product billed for the month.

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