WASHINGTON — Worldwide sales of semiconductors reached $29 billion in October, up 1.9% sequentially but down 2.5% year-over-year.

Sales in the Americas grew 3.9% compared to last month, leading all regions, the Semiconductor Industry Association added. All monthly sales numbers represent a three-month moving average.

The organization said a new industry forecast projects slight market growth for the next three years.

“Global semiconductor sales have shown signs of stabilizing in recent months, with October marking the third straight month of month-to-month growth,” said John Neuffer, president and CEO, Semiconductor Industry Association. “Year-to-date sales are narrowly ahead of where they were through the same time last year, and slight growth is projected for next year and beyond.”

Month-to-month sales increased across all regional markets: the Americas (3.9%), China (1.6%), Europe (1.2%), Japan (0.4%), and Asia Pacific/other (1.7%). Compared to October 2014, sales were up in China (5.7 percent), but down in the Americas (-5.6%), Europe (-9.4%), Japan (-10.5%), and Asia Pacific/all other (-2.4%).

SIA also announced it endorses the WSTS Autumn 2015 global semiconductor sales forecast, which projects the industry’s worldwide sales will reach $336.4 billion in 2015, a 0.2% increase from 2014. WSTS projects year-to-year increases for 2015 in Asia Pacific (3.9%), with decreases projected for the Americas (-0.6%), Europe (-8.2%) and Japan (-10.3%).

Beyond 2015, the global market is expected to grow 1.4% globally in 2016 to $341 billion and 3.1% growth for 2017 to $351.6 billion. The forecast is developed based on input from global semiconductor companies.

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