SMT, PCB Electronics Industry News

North American PCB Order Growth Fuels Rise in Book-to-Bill Ratio

Aug 01, 2017

IPC Releases PCB Industry Results for June 2017

IPC - Association Connecting Electronics Industries® announced today the June 2017 findings from its monthly North American Printed Circuit Board (PCB) Statistical Program. Strong PCB order growth moved the book-to-bill ratio up to 1.08 in June, while sales remained sluggish.

Total North American PCB shipments in June 2017 were down 3.9 percent compared to the same month last year. This year to date, shipments are 4.2 percent below the same period last year. Compared to the preceding month, June shipments increased 12.3 percent.

PCB bookings in June increased 18.6 percent year-on-year, driving year-to-date order growth up to 1.7 percent above the same period last year. Bookings in June were up 26.5 percent compared to the previous month.

June’s strong order growth and a five-month trend of book-to-bill ratios above parity (1.00) are possible indications of an upturn in North American PCB sales in the second half of this year,” said Sharon Starr, IPC’s director of market research. “A turnaround in sales is likely to be modest, however, as order growth in the first half of 2017 is still just 1.7 percent above the same period last year, while sales since the beginning of this year have been consistently below last year’s levels,” she added.

Detailed Data Available

The next edition of IPC’s North American PCB Market Report, containing detailed June data from IPC’s PCB Statistical Program, will be available the week of August 7. The monthly report presents detailed findings on rigid PCB and flexible circuit sales and orders, including separate rigid and flex book-to-bill ratios, growth trends by company size tiers, 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 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 at the end of each month. Statistics for the current month are normally available in 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 4,200 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 trillion global electronics industry. IPC maintains additional offices in Taos, N.M.; Washington, D.C.; Atlanta, Ga.; Stockholm, Sweden; Brussels, Belgium; Moscow, Russia; Bangalore and New Delhi, India; Bangkok, Thailand; and Qingdao, Shanghai, Shenzhen, Chengdu, Suzhou and Beijing, China.

Aug 10, 2017 -

Congressman John R. Carter Discusses Pro-Manufacturing Policies with IPC-member Company, VirTex

Aug 06, 2017 -

IPC Committee Selects Communication Transport Protocol for Connected Factory Initiative

Jul 23, 2017 -

Senator Ron Johnson Discusses U.S. Policy Priorities in Townhall Discussion with IPC-member Company, VirTex MTI

Jul 17, 2017 -

IPC Extends Deadline on Call for Participation for IPC APEX EXPO 2018 Deadline for technical conference paper abstracts extended to: July 21, 2017

Jul 16, 2017 -

IPC Invites Industry Members to Participate on IPC European Standards Steering Committee

Jul 05, 2017 -

North American PCB Business Weakens but Book-to-Bill Ratio Remains Positive

Jun 29, 2017 -

IPC Invites Industry Leaders to Participate in New Global Data Service Pulse of the Electronics Industry to provide insight on health of industry

Jun 20, 2017 -

Zentech Manufacturing, Inc. First to Recertify for IPC Qualified Manufacturers Listing

Jun 14, 2017 -

IPC Submits Comments to Trump Administration Regarding Modernization of NAFTA

Jun 07, 2017 -

IPC Hand Soldering Competition Winner Crowned at SMT Hybrid Packaging 2017

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

Aug 19, 2017 -

See Latest Dispense Technology Demonstrations From GPD Global at NEPCON 2017

Aug 17, 2017 -

ZESTRON Americas Announces New Regional Sales Manager

Aug 17, 2017 -

SEHO Soldering Expert to Discuss Resource & Cost Efficient Wave Soldering at SMTAI

Aug 17, 2017 -

Libra Industries Announces Two 20-Year Service Awards in Q2 2017

Aug 17, 2017 -

Cirtronics Installs High-Performance X-ray Inspection Solution

Aug 17, 2017 -

Essemtec to Show New All-in-One Jetting / Placement System at SMTAI

Aug 17, 2017 -

Engineered Material Systems to Introduce New Conductive Adhesives for Stringing and Shingling Next-Generation Solar Modules at EU PVSEC

Aug 17, 2017 -

What is SMT and where to by SMT spare parts

Aug 16, 2017 -

ViTrox and KIC Establish Cooperation and Connectivity

Aug 16, 2017 -

Inovaxe Is Making Storage SMARTER – Visit Booth #915 at SMTAI

See electronics manufacturing industry news »

North American PCB Order Growth Fuels Rise in Book-to-Bill Ratio news release has been viewed 155 times

Large PCB Dispensing System

Capillary Underfill process