Electronic Products & Technology

Pcb industry sales up 23% in July

EP&T Magazine   

Production / Materials IPC pcb pcbs production sales

IPC releases North American pcb industry results for summer 2023

IPC announced the July 2023 findings from its North American Printed Circuit Board (PCB) Statistical Program. The book-to-bill ratio stands at 1.01.

Total North American PCB shipments in July 2023 were up 23 percent compared to the same month last year. Compared to the preceding month, July shipments were up 10.2 percent.

PCB bookings in July were up 24.6 percent compared to the same month last year. July bookings were up 7.8 percent compared to the preceding month.

Source: IPC’s North American pcb statistical program.

“July was a good month for the PCB sector. Orders were the strongest in 10 months and shipments were the strongest in four months,” said Shawn DuBravac, IPC’s chief economist. “The year-to-date trend for orders has steadily been improving, but the trend of lower orders in 2023 remains in place.”


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.

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.



Stories continue below

Print this page

Related Stories