MILPITAS, CA – North America-based manufacturers of semiconductor equipment reported the 30-day moving average of global sales fell 24.6% year-over-year in March.

The average monthly billings were $1.83 billion, down 1.9% sequentially, according to SEMI.

“March billings of North American test and assembly equipment manufacturers showed modest improvement over the prior month,” said Terry Tsao, chief marketing officer of SEMI. “Despite the increase for this segment, overall billings growth expectations for North American semiconductor equipment suppliers appear to be muted for the rest of the year.”