BANNOCKBURN, IL — Total North American PCB orders in April increased 19.9% year-over-year but fell 7.3% sequentially, says IPC.
PCB shipments were up 4.3% compared to April 2019. Sequentially, shipments were down 18.2%.
The book-to-bill ratio stood at 1.19. 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 twelve months.
“North American electronics manufacturers continue to serve surging demand for PCBs and other components in the shadow of Covid-19,” said Shawn DuBravac, IPC chief economist. “Bookings in April were up 19.9%, the strongest year-over-year growth in orders in over two years. We expect elevated shipments in May as a result of strong bookings in April and a lingering backlog of unfilled ordered from prior months.”