BANNOCKBURN, IL – Total North American EMS shipments in July were up 3.4% compared to the same month last year, according to IPC's findings from its North American EMS Statistical Program.
Compared to June, July shipments decreased 0.7%. The book-to-bill ratio stands at 1.27.
EMS bookings in July decreased 3.5% year-over-year and increased 2.1% from the previous month.
"The North American EMS industry saw minimal change in July. The year-to-date trend of weaker orders and stronger shipments remains intact," said Shawn DuBravac, IPC’s chief economist.
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.