IPC has released its findings from its North American printed circuit board (pcb) Statistical Program for August 2024. The book-to-bill ratio stands at 0.99. Total North American pcb shipments in August 2024 were up 35 percent compared to the same month last year. Compared to the preceding month, August shipments were down 10.3 percent.
Pcb bookings in August were up 44.2 percent compared to the same month last year. August bookings were up 22.3 percent compared to the preceding month.
“August saw strong bookings and shipments, leaving the book-to-bill ratio unchanged. While the surge in new orders marked the best performance since February, it did little to reverse the decidedly negative trend for the year,” said Shawn DuBravac, IPC’s chief economist.
Source: IPC
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.
Source: IPC
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.
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Publish date : 2024-09-28 23:59:00
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