BANNOCKBURN, IL – Total North American PCB shipments in February were down 11.6% compared to the same month last year, IPC announced in its February findings from the North American PCB Statistical Program. The book-to-bill ratio stands at 1.07.

Compared to January, February's shipments were up 7.1%.

PCB bookings in February were up 25.6% compared to the same month last year and were were up 47.5% compared to the preceding month.

"Very strong order flow in February pushed the PCB book-to-bill above one for the first time since September 2023," said Shawn DuBravac, IPC’s chief economist. "This is likely not a permanent shift in the current market environment, but it will keep the book-to-bill ratio elevated in the coming months."

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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