BANNOCKBURN, IL – Total North American EMS shipments in May were up 7.1% compared to the same month last year, according to IPC's monthly findings from its North American Electronics Manufacturing Services Statistical Program. Compared to the preceding month, May shipments decreased 5.2%.

EMS bookings in May increased 0.8% year-over-year and increased 4.4% from the previous month. The book-to-bill ratio stands at 1.24.

"This month we saw a small reversal in the trend we have been seeing this year," said Shawn DuBravac, IPC’s chief economist. "New orders rose on a year-over-year basis for the first time since October 2022. Shipments fell slightly compared to last month but continue to show a positive trend."

The book-to-bill ratios are calculated by dividing the value of orders booked over the past three months by the value of sales billed during the same period from companies in IPC’s survey sample. A ratio of more than 1.00 suggests that current demand is ahead of supply, which is a positive indicator for sales growth over the next three to twelve months. A ratio of less than 1.00 indicates the reverse.

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