Board of Governors of the Federal Reserve System

semiconductor sales had been particularly strong. High-tech contacts in

recover trend and cyclical components of macroeconomic time-series. In...recover trend and cyclical components of U.S. output (measured by real

stocks had increased relative to other sectors over the past two years...stocks remained basically unchanged, on net, relative to other sectors

May 6, 1998 Summary of Commentary on Current Economic Conditions by Federal Reserve District Summary Prepared at the Federal Reserve Bank of Philadelphia

semiconductors and related components--is now lower in recent years than...semiconductor output is now estimated to have been much more moderate

semiconductors and related components--is now lower in recent years than...semiconductor output is now estimated to have been much more moderate

semiconductors and related electronic components) increased 0.5 percent...semiconductors) dropped for the eighth successive month, to 77.3 percent

semiconductors were partly offset by a decrease in the production of motor...semiconductors and related electronic components has risen more than 5

semiconductors and related electronic components, a part of electrical...semiconductor production fell 15 percent in 2001 and rose 42 percent in

semiconductors have been the key contributors to the rise in the index...semiconductors and related equipment also continued its upward trend;