News release: “A sudden upturn in global sales of information and communications technology (ICT) goods in May and June suggests the ICT industry may have reached a turning point and be on the road to recovery, according to a new OECD report, Working Party on the Information Economy – The Impact of the Crisis on ICTs and their Role in the Recovery, July 28, 2009. Most countries posted positive month-on-month production growth in May and June and inventories have been run down sharply after historically rapid build-ups. Billings for semiconductor makers, a bellwether for the ICT industry, are rebounding sharply after a severe collapse in orders reminiscent of the 2001-2002 dotcom bust. Asian ICT exports are also growing again month-to-month: Korean producers have been helped by a weaker currency, with production in May down only 3% on the previous year, and Chinese ICT production, which has remained remarkably resilient despite exports dropping by over 20%, grew at nearly 3% year-on-year in May.”