North American PCB Industry Sales Down 21.2 Percent in July
August 26, 2024 | IPCEstimated reading time: 1 minute
IPC announced the July 2024 findings from its North American Printed Circuit Board (PCB) Statistical Program. The book-to-bill ratio stands at 0.99.
Total North American PCB shipments in July 2024 were down 21.2 percent compared to the same month last year. Compared to the preceding month, July shipments were down 14.0 percent.
PCB bookings in July were down 25.4 percent compared to the same month last year. July bookings were down 17.3 percent compared to the preceding month.
“July 2024 proved to be a difficult month for the PCB sector, with both shipments and orders experiencing notable weakness,” said Shawn DuBravac, IPC’s chief economist.
Detailed Data Available
Companies that participate in IPC’s North American PCB Statistical Program have access to detailed findings on rigid PCB and flexible circuit sales and orders, including separate rigid and flex book-to-bill ratios, growth trends by product types and company size tiers, demand for prototypes, sales growth to military and medical markets, and other timely data.
Interpreting the Data
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.
Year-on-year and year-to-date growth rates provide the most meaningful view of industry growth. Month-to-month comparisons should be made with caution as they reflect seasonal effects and short-term volatility. Because bookings tend to be more volatile than shipments, changes in the book-to-bill ratios from month to month might not be significant unless a trend of more than three consecutive months is apparent. It is also important to consider changes in both bookings and shipments to understand what is driving changes in the book-to-bill ratio.
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.
Suggested Items
Zhen Ding Releases October 2024 Monthly Revenue Report
11/07/2024 | Zhen Ding TechnologyZhen Ding Technology Holding Limited (Ticker: 4958), a global leading PCB manufacturer, today reported October 2024 revenue of NT$20,953 million, up 0.4% YoY and up 8.4% MoM, reaching second highest for the same period in the company’s history.
Global Semiconductor Sales Increase 23.2% in Q3 2024 YoY; QoQ Sales Up 10.7%
11/06/2024 | SIAThe Semiconductor Industry Association (SIA) today announced global semiconductor sales were $166.0 billion for the third quarter of 2024, an increase of 23.2% compared to the third quarter of 2023 and 10.7% more than the second quarter of 2024.
November 2024 SMT007 Magazine: The Rise of Data
11/04/2024 | I-Connect007 Editorial TeamAnalytics is a given in this industry, but the threshold is changing. If you think you're too small to invest in analytics, you may need to reconsider. So how do you do analytics better? What are the new tools, and how do you get started?
North American EMS Industry Shipments Up 10.3% in September
10/29/2024 | IPCIPC announced the September 2024 findings from its North American Electronics Manufacturing Services (EMS) Statistical Program. The book-to-bill ratio stands at 1.26.
North American PCB Industry Shipments Down 24.1% in September
10/29/2024 | IPCIPC announced the September 2024 findings from its North American Printed Circuit Board (PCB) Statistical Program. The book-to-bill ratio stands at 1.08.