BANNOCKBURN, IL – Total North American printed circuit board orders in July decreased 16.3% year-over-year, bringing year-to-date orders down 1.1%. Orders were down 26.1% sequentially.
Shipments in July were up 1.2% year-over-year, says IPC. Year-to-date, as of July, shipment growth was up 5.4%. Sequentially, shipments were down 18%.
The book-to-bill ratio slipped to 0.94. A ratio of more than one suggests current demand is ahead of supply, which is a positive indicator for sales growth over the next three to six months.
“While year-on-year sales growth continued in the North American PCB industry in July, it was the decline in orders for the second consecutive month that pushed the book-to-bill ratio further down,” said Sharon Starr, IPC’s director of market research. “Growth rates have been mixed for different segments of the industry, with some extreme differences between rigid PCB and flexible circuit producers, and between company size tiers.”
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