PCB Shipments Up 4.5% in July Compared to Same Period Last Year
IPC announced the July 2022 findings from its North American Printed Circuit Board (PCB) Statistical Program. The book-to-bill ratio stands at 0.98. Total North American PCB shipments in July 2022 were up 4.5% compared to the same month last year. Compared to the preceding month, however, July shipments dropped 24.9%. PCB year-to-date bookings in July were down 8.1% compared to last year. Bookings in July decreased 20.9% from the previous month.
“The PCB book-to-bill remained below one for a second consecutive month, the first time this has happened since August 2020,” said Shawn DuBravac, IPC’s chief economist. “Orders are down over 8% through the first half of the year, while shipments are up nearly 9%. Supply chain constraints are easing, but demand for PCBs is slowing as overall demand for durable goods ebbs.”