According to IPC (Northbrook, IL), the North American IMS/PCB Industry book-to-bill ratio for May 2004 remained steady at 1.11. 

The ratio is calculated by averaging the index numbers for orders booked over the past three months and dividing by the average index numbers for sales billed during the same period. A ratio of more than 1.00 suggests that current demand is ahead of supply, which indicates probable near-term growth.

Shipments increased 41.3% from May 2003 and orders booked increased 62.4%. Compared to last year, shipments of printed circuit boards are up 36.3% year-to-date, with bookings up 50.3%.

The shipment index was up 5.5% sequentially to 138.7 and the booking index was 168.8, up 23.8%.

The indices are calculated by setting the base year (1992) equal to 100 and then multiplying the monthly growth rates of the actual shipments and bookings by the corresponding index number. A shipment index number of 117.0, for example, indicates that shipments are 17% higher than average monthly shipments in 1992.

Based on "same store" data -- a measure of those companies that reported last year and this year -- PCB shipments grew 43.8% in May over last year, and orders jumped 67% year-on-year.

www.ipc.org

Copyright 2004, UP Media Group. All rights reserved.

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