BANNOCKBURN, IL — IPC — Association Connecting Electronics Industries — announced today the November findings from its monthly North American Printed Circuit Board (PCB) Statistical Program.
Rigid PCB shipments were up 9.7 percent and bookings increased 4.3 percent in November 2010 from November 2009. Year to date, rigid PCB shipments were up 18.6 percent and bookings have grown 23.4 percent. Compared to the previous month, rigid PCB shipments decreased 3.5 percent and rigid bookings increased 2.3 percent. The book-to-bill ratio for the North American rigid PCB industry in November 2010 fell to 0.96.
Flexible circuit shipments in November 2010 were up 38.8 percent and bookings grew 14.2 percent compared to November 2009. Year to date, flexible circuit shipments increased 13.2 percent and bookings were up 19.0 percent. Compared to the previous month, flexible circuit shipments increased 6.1 percent and flex bookings decreased 5.5 percent. The North American flexible circuit book-to-bill ratio in November 2010 dropped to 0.92.
For rigid PCBs and flexible circuits combined, industry shipments in November 2010 increased 11.8 percent from November 2009, as orders booked increased 5.0 percent from November 2009. Year to date, combined industry shipments were up 18.1 percent and bookings were up 23.0 percent. Compared to the previous month, combined industry shipments for November 2010 decreased 2.7 percent and bookings increased 1.7 percent. The combined (rigid and flex) industry book-to-bill ratio in November 2010 dipped to 0.96.
“Year-on-year growth rates for rigid PCB and flexible circuit sales are still positive, but the rate of growth for rigid PCBs is slowing while the growth rate for flex is now increasing,” said IPC President & CEO Denny McGuirk. “Although sales are still strong, orders have slowed in both segments, due in part to seasonal effects this month. Slowing orders have driven the book-to-bill ratio downward over the past six months,” he added.
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 two to three months.