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North American PCB Business Weakens but Book-to-Bill Ratio Remains Positive
2017-07-20
IPC — Association Connecting Electronics Industries® has announced the May 2017 findings from its monthly North American Printed Circuit Board (PCB) Statistical Program. PCB sales and orders were both down compared to last year. Weaker orders caused the PCB book-to-bill ratio to retreat but it remained positive at 1.05.

Total North American PCB shipments in May 2017 were down 3.1 percent compared to the same month last year. This year to date, shipments are 4.3 percent below the same period last year. Compared to the preceding month, May shipments decreased 26.7 percent.

PCB bookings in May decreased 7.3 percent year-on-year, pushing year-to-date order growth back into negative territory at 1.3 percent below the same period last year. Bookings in May were down 33.6 percent compared to the previous month.

“May was a slow month for the North American PCB industry as both sales and orders were below last year’s levels,” said Sharon Starr, IPC’s director of market research. “Although weak orders pulled the book-to-bill ratio down from April’s 20-month peak, the good news is that the ratio remains above parity (1.00) for the fourth consecutive month, which is a positive indicator for strengthening sales in the second half of the year,” she added.
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