SMT, PCB Electronics Industry News

North American PCB Book-to-Bill Ratio Turns Positive

Apr 30, 2014

Trend in North American PCB Book-to-Bill Ratio.

Trend in North American PCB Book-to-Bill Ratio.

IPC Releases PCB Industry Results for March 2014.

IPC - Association Connecting Electronics Industries® announced today the March findings from its monthly North American Printed Circuit Board (PCB) Statistical Program. Sales were up in March and the book-to-bill ratio strengthened, returning to positive territory.

Positive Sales Growth Returns

Total North American PCB shipments increased 4.8 percent in March 2014 from March 2013, strengthening year-to-date shipment growth to -0.8 percent. Compared to the previous month, PCB shipments jumped 18.9 percent.

PCB bookings continued negative at -5.5 percent year over year.  Year-to-date order growth, while still negative, improved to -6.9 percent. Order growth climbed 20.9 percent over the previous month.

The North American PCB book-to-bill ratio strengthened in March for the fourth straight month, reaching 1.01, just above parity.

The book-to-bill ratio’s climb and positive year-on-year sales growth in March are encouraging signs of a recovery ahead,” said Sharon Starr, IPC’s director of market research. She cautioned, however, that “the book-to-bill ratio has just reached positive territory after six consecutive months below 1.00.  Economic indicators are positive for 2014, but the PCB industry’s recovery is developing slowly.

Detailed Data Available

The April edition of IPC’s North American PCB Market Report, containing detailed March data from IPC’s PCB Statistical Program, will be published later this week. The monthly report presents detailed findings on rigid PCB and flexible circuit sales and orders, including separate rigid and flex book-to-bill ratios, military and medical market growth, demand for prototypes, and other timely data. 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-reports.

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 six 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 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.

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 at the end of each month. Statistics for the current month are not available until the last week of the following month.


IPC (www.IPC.org) is a global industry association based in Bannockburn, Ill., dedicated to the competitive excellence and financial success of its 3,400 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 $2.0 trillion global electronics industry. IPC maintains additional offices in Taos, N.M.; Washington, D.C.; Stockholm, Sweden; Moscow, Russia; Bangalore, India; Bangkok, Thailand; and Qingdao, Shanghai, Shenzhen, Chengdu, Suzhou and Beijing, China.

Apr 18, 2018 -

IPC Hand Soldering Competition Winner Crowned at Global Industrie/Midest 2018 in Paris

Apr 12, 2018 -

Don Dupriest Elected to Chair Top IPC Standards Leadership Committee

Apr 03, 2018 -

North American PCB Industry Rebound Continues IPC Releases PCB Industry Results for February 2018

Apr 02, 2018 -

IPC Pulse of the Electronics Industry Survey Shows Strong Business Outlook

Mar 26, 2018 -

IPC Global Assembly Equipment and Solder Statistical Programs Ope

Mar 22, 2018 -

IPC Urges Trump Administration to Take Measured Approach in Levying Higher Tariffs on Electronics from China

Mar 14, 2018 -

IPC Volunteers Honored for their Contributions to the Electronics Industry at IPC APEX EXPO 2018 More than 300 awards presented

Mar 14, 2018 -

IPC Issues Call for Participation for IPC APEX EXPO 2019

Mar 12, 2018 -

Yusaku Kono and Pierre-Emmanuel Goutorbe Receive IPC Rising Star Awards

Mar 08, 2018 -

Electronics Industry Succeeds at the Velocity of Technology at IPC APEX EXPO 2018

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

Apr 19, 2018 -

ULT LLC cooperates with GulfTech

Apr 18, 2018 -

MicroCare Presents its Latest Advancements in Cleaning at SMT Hybrid Packaging

Apr 18, 2018 -

SMTA Europe's Harsh Environments Conference Session 6 to Focus on Automotive Electronics

Apr 18, 2018 -

IPC Hand Soldering Competition Winner Crowned at Global Industrie/Midest 2018 in Paris

Apr 18, 2018 -

Koh Young Presenting on 3D Technologies at SMTA Rocky Mountain Chapter Technical Session

Apr 17, 2018 -

International Conference for Electronics Enabling Technologies (ICEET) Program Finalized

Apr 17, 2018 -

Seika Announces Plans for Optimized Drying Units to be Incorporated into all McDry Cabinets

Apr 17, 2018 -

Libra Industries Sponsors SMTA Ohio Valley Membership Appreciation Golf Outing

Apr 17, 2018 -

Preview for AdoptSMT for SMT 2018, Stand A4-458 We keep your production running -

Apr 17, 2018 -

cost saving SMT laser cut stencil

See electronics manufacturing industry news »

North American PCB Book-to-Bill Ratio Turns Positive news release has been viewed 873 times

High Precision SMT Fluid Dispensers

guided rework station ersa