BANNOCKBURN, IL – Total North American PCB shipments in July increased 23% compared to the same month last year, IPC announced in its monthly North American PCB Statistical Program.
Compared to June, July shipments were up 10.2%. The book-to-bill ratio stands at 1.01.
PCB bookings in July were up 24.6% compared to the same month last year and were up 7.8% compared to June.
"July was a good month for the PCB sector. Orders were the strongest in 10 months and shipments were the strongest in four months," said Shawn DuBravac, IPC’s chief economist. "The year-to-date trend for orders has steadily been improving, but the trend of lower orders in 2023 remains in place."
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.
IPC’s monthly PCB industry statistics are based on data provided by a representative sample of both rigid PCB and flexible circuit manufacturers selling in the USA and Canada. IPC publishes the PCB book-to-bill ratio by the end of each month.