SMT, PCB Electronics Industry News

IPC Releases PCB Industry Results for February 2013

Apr 01, 2013

Trends in the Book-to-Bill Ratio for PCBs (including Rigid PCBs and Flexible Circuits) in North America

Trends in the Book-to-Bill Ratio for PCBs (including Rigid PCBs and Flexible Circuits) in North America

IPC - Association Connecting Electronics Industries® announced today the February findings from its monthly North American Printed Circuit Board (PCB) Statistical Program.

PCB Industry Growth Rates and Book-to-Bill Ratio Announced

Total North American PCB shipments were down 10.2 percent in February 2013 from February 2012, and bookings decreased 9.2 percent year over year. Year to date, PCB industry shipments were down 5.7 percent and bookings were down 6.7 percent. Compared to the previous month, PCB shipments in February decreased 6.5 percent, but bookings increased 1.1 percent. The book-to-bill ratio for the North American PCB industry continued to strengthen in February, reaching 1.06.

Sales are still sluggish in the North American PCB industry, but the book-to-bill ratio strengthened in February for the third straight month,” said Sharon Starr, IPC director of market research. “When orders exceed sales over several months, this is an encouraging sign for future sales growth.

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 six months.

The Role of Domestic Production

IPC’s monthly survey of the North American PCB industry tracks bookings and shipments from U.S. and Canadian facilities, which provide indicators of regional demand. These numbers do not measure U.S. and Canadian PCB production. To track regional production trends, IPC asks survey participants for the percent of their reported shipments that were produced domestically (i.e., in the USA or Canada). In February 2013, 85 percent of total PCB shipments reported by survey participants were domestically produced. These numbers are significantly affected by the mix of companies in IPC’s survey sample, which change slightly in January, but are kept constant through the remainder of the year.

Interpreting the Data

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 may reflect cyclical 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 may not be significant unless a trend of more than three consecutive months is apparent. It is also important to consider changes in bookings and shipments to understand what is driving changes in the book-to-bill ratio.

The information in IPC’s monthly PCB industry statistics is 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 near the end of each month. Statistics for the current month are not available until the last week of the following month.

More detailed monthly findings on rigid PCB and flexible circuit sales and orders, including military and medical market growth, total market size and forecasts, are published monthly in IPC’s North American PCB Market Report. This report is available free to current participants in IPC’s PCB Statistical Program and by subscription to others. More information about this report can be found at www.ipc.org/market-research-subscriptions.


IPC (www.IPC.org) is a global industry association based in Bannockburn, Ill., dedicated to the competitive excellence and financial success of its 3,300 member companies which represent all facets of the electronics industry, including design, printed board manufacturing, electronics assembly and test. As a member-driven organization and leading source for industry standards, training, market research and public policy advocacy, IPC supports programs to meet the needs of an estimated $2.17 trillion global electronics industry. IPC maintains additional offices in Taos, N.M.; Arlington, Va.; Stockholm, Sweden; Moscow, Russia; Bangalore, India; Bangkok, Thailand; and Shanghai, Shenzhen, Chengdu, Suzhou and Beijing, China.

Oct 18, 2017 -

IPC Hand Soldering Competition Winner Crowned at IFTEC in Paris

Oct 17, 2017 -

PCB Prototype Sales Trends Often Diverge from PCB Market Trends According to New IPC Report

Oct 17, 2017 -

IPC APEX EXPO 2018 Educational Programs Highlight Technology’s Accelerating Speed of Change Registration Now Open, Show Floor More than 95% Sold

Oct 11, 2017 -

Nate Carson Joins IPC as New Director of Business Development

Oct 05, 2017 -

IPC Releases 2017 Quality Benchmark Study for Electronics Assembly

Sep 30, 2017 -

North American PCB Order Growth Boosts Book-to-Bill Ratio

Sep 28, 2017 -

IPC Hand Soldering Competition to “Heat Up” productronica 2017

Sep 27, 2017 -

IPC Welcomes Trump Administration’s Framework on U.S. Tax Code

Sep 20, 2017 -

New IPC Studies Show World PCB Market Up in 2016 as North American Market Shrinkage Slows World PCB Production and Annual North American PCB Industry Reports Released

Sep 19, 2017 -

IPC Invites Industry Leaders to Submit Poster Abstracts for IPC APEX EXPO 2018 in San Diego

858 more news from Association Connecting Electronics Industries (IPC) »

Oct 23, 2017 -

W.J. Murphy Associates Receives Outstanding Achievement Award from Juki

Oct 23, 2017 -

Libra Industries Upgrades to the Latest Technology in Post Reflow AOI

Oct 23, 2017 -

Data I/O Announces SentriX™ Secure Provisioning Support for Maxim’s DeepCover® Secure Authentication ICs

Oct 23, 2017 -

Transition Automation Intros Holder for Permalex Hand Squeegee

Oct 23, 2017 -

Manual Cleaning of Printed Board Assemblies – Step By Step Guide Coming Soon

Oct 23, 2017 -

New Online Webinars from the Desk of Bob Willis

Oct 22, 2017 -

New Dry Film Negative Photoresist for MEMS and Wafer-Level Packaging

Oct 19, 2017 -

Juki Automation Systems Awards Quantum Systems ‘Representative of the Year –Best Performance’

Oct 19, 2017 -

Logic PD to Exhibit Medical Market Successes at MD&M Minneapolis 2017

Oct 18, 2017 -

Horizon Sales Earns Juki Sales Awards

See electronics manufacturing industry news »

IPC Releases PCB Industry Results for February 2013 news release has been viewed 716 times

PCB Assembly Equipment Auctions

PCB 3D AOI