Trouble in Your Tank: Causes of Plating Voids, Pre-electroless Copper
Dan’s Biz Bookshelf: ‘Growth Hacker Marketing’
Happy’s Tech Talk #38: Novel Metallization for UHDI
Global Banking Crisis Signals Economic Volatility, Signs of Recession
April 3, 2023 | IPCEstimated reading time: 1 minute
Economic data over the last month indicates that the global banking crisis will directly affect the ability of companies to buy new equipment, hire new employees, and expand.
“This is just the start of a wider banking crisis,” said Shawn DuBravac, IPC chief economist. “One that will get worse before it gets better. Banks will be cautious, raising lending standards, protecting capital, and creating greater liquidity buffers. Expect the coming months to remain volatile.”
The report also shows that the U.S. job market remained strong, and individuals appear to be reentering the labor market as the economy softens. In addition, the defense and space equipment segment rose 0.6% to another new all-time high. The sector is up 2.3% over the last year.
In Europe, economic growth was flat, while manufacturing production largely stabilized after eight months of contraction. Supply chains continue to improve which is easing strains on production schedules.
Additional data in the March report shows:
- U.S. industrial production was unchanged in February but was down 0.4% including revisions to prior months and came in below consensus expectations of a 0.2% increase.
- U.S. employment gains in the last year have been driven by firms with less than 250 employees. Tightening credit conditions are going to hit this part of the economy the hardest.
- In the EU: Manufacturing output rose in January. Output increased 0.8% (month-on-month) and is up 1.7% over the last year. In addition, the electronics industry, which includes categories such as components, loaded boards, computers, communications equipment, and consumer electronics, rose 4.5% (month-on-month) in January. The sector is up 10.4% over the last year.
- The U.S. job market remained strong in February, adding 311,000 new jobs even with a downward revision to payroll gains in December and January of 34,000 jobs.
View full report. For more information on IPC’s industry intelligence program including new reports, visit: www.ipc.org/advocacy/industry-intelligence.
Share on:
Suggested Items
Hunting for Clues: Feng Xue Solving Circuit Board 'Crimes' With AOI Standard
05/08/2025 | Linda Stepanich, IPCWhen residents in sleepy English villages needed a top-tier detective to solve a murder, they called on Belgian super-sleuth Hercule Poirot, author Agatha Christie’s fictional detective famous for using his “little grey cells” to solve crimes. In the same way, IPC standards development committees, when creating a standard to detect defects in circuit boards using Automated Optical Inspection (AOI), call on IPC A-Team, Hercule.
IPC Strengthens Global Focus with Promotion of Sanjay Huprikar to Chief Global Officer
05/08/2025 | IPCIPC, the global electronics association, announces the promotion of Sanjay Huprikar to chief global officer. This newly created position reflects the association’s forward-looking strategy and industry needs to strengthen the electronics supply chain.
Navigating Global Manufacturing in an Era of Uncertainty
05/07/2025 | Philip Stoten, ScoopThe EMS industry faces unprecedented challenges as global trade tensions rise and tariff announcements create market uncertainty. In an overview of IPC Europe’s podcast, MADE IN EUROPE, industry experts from GPV and Zollner examine how these developments impact our businesses and customers, and what strategies will prevail in this new landscape.
Nick Koop Launches IPC Flex Design Class
05/06/2025 | Andy Shaughnessy, Design007 MagazineNick Koop is director of flex technology for TTM Technologies, and he’s been a staple of IPC’s flex committees for decades. He’s also a longtime flex design instructor, and he’s about to debut a new IPC class, Flex and Rigid-Flex Design for Manufacturability, which will run May 12–21. In this interview, Nick tells us about this new class and what attendees can expect to learn.
The Government Circuit: Trump’s Trade War Disrupts the Electronics Ecosystem
05/06/2025 | Chris Mitchell -- Column: The Government CircuitThere is certainly no shortage of work to be done in the IPC Government Relations department, as the U.S. waged a tariff campaign on practically every industrial country in the world and several countries embarked on high-tech initiatives with a mix of approaches to the crucial foundations of electronics manufacturing. Indeed, the breadth and speed of U.S. President Donald Trump’s tariff campaign continues to be a serious challenge for our industry.