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North American Printed Circuit Board Industry Sees Healthy Increase in Consecutive Monthly Sales

Compared to the preceding month, June 2020 shipments of printed circuit boards in North America rose 19.7%.

IPC PCB growth rates — Growth trends in total printed circuit board sales and orders in North America, June 2019-June 2020. (Note: The June, October, and December 2019 growth rates have been revised since their original publication due to updated data from statistical program participants.)

IPC book to bill — North American printed circuit board book-to-bill ratio, June 2019-June 2020. (Note: The December 2019 ratios have been revised since their original publication due to updated data from statistical program participants.)

IPC recently announced the June 2020 findings from its North American Printed Circuit Board (PCB) Statistical Program. The book-to-bill ratio stands at 1.12. Total North American PCB shipments in June 2020 were up 0.8% compared to the same month last year. Compared to the preceding month, June shipments rose 19.7%. PCB bookings in June increased 16.9% year-over-year and rose 33% from the previous month.

“June saw another month of strong demand for PCBs in North America,” said Shawn DuBravac, IPC’s chief economist. “PCB bookings are up nearly 17 percent from last year, suggesting growth for electronics manufacturing remains robust despite the continued economic headwinds brought on by the pandemic.”

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 3-12 months. A ratio of less than 1.00 indicates the reverse.

Additional details are available at www.ipc.org.