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North American PCB Industry Sales Up 5.6% in FebruaryMarch 23, 2023 | IPC
Estimated reading time: 1 minute
IPC announced the February 2023 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 February 2023 were up 5.6 percent compared to the same month last year. Compared to the preceding month, February shipments were up 16.4 percent.
PCB bookings in February were up 1.5 percent compared to the same month last year. February bookings were up 7.8 percent compared to the preceding month.
“Shipments were strong in February and are tracking above 2021 levels for the year,” said Shawn DuBravac, IPC’s chief economist. “However, despite a strong February, order volume remains down through the first two months.”
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.
About 200 kilometers (125 miles) north of Mexico City lies Queretaro, an area rich in history, with stone streets and public squares, and which twice has been the country’s capital. But it’s also quickly becoming a global capital of electronics manufacturing, especially aeronautics, and was the location for the first IPC Day Mexico this past June.
This week’s news items taught me a few things I didn’t know. For instance, there’s news about the new equipment for THT work, governmental support for advanced packaging technologies, an upcoming webinar from iNEMI on counterfeits, an interview with U.S. Rep. Blake Moore, one of the sponsors of the bipartisan Protecting Circuit Boards and Substrates Act, and columnist Tim Haag, using Star Trek to illustrate why simplicity is, ahem, paramount.
VPT, Inc., a HEICO company, VPT, Inc., a trusted provider of power conversion solutions for aerospace and defense, proudly announces its latest achievement of obtaining SAE AS9100 Revision D certification. SAE AS9100 Revision D enhances VPT's existing suite of certifications, including MIL-PRF-38534, MIL-STD-883, J-STD-001 (Space), IPC-A-610, and IPC-A-600, further cementing our commitment to excellence in quality and reliability.
Test Research, Inc. (TRI), the industry's leading provider of Test and Inspection systems for the electronics manufacturing industry, is pleased to announce the expansion of its Malaysian office, which opened in 2010.
November’s issue of Design007 Magazine had an excellent theme that evolved around design simplification. There were exceptionally good articles about how to reduce over-constrained or needlessly complex designs. One significant time-consuming category is the creation of many design files and drawings which lead to lengthy creation and interpretation time along with the considerable time to resolve conflicting or erroneous information.