BANNOCKBURN, IL – Total North American PCB orders in September increased 12.2% year-over-year and 2.5% sequentially. Year-to-date order growth was up to 3%, says IPC.

PCB shipments in September were up 3.8% year-over-year. Year-to-date sales growth as of September remained positive at 7% percent. Compared to the preceding month, September shipments increased 10.2%.

The book-to-bill ratio strengthened to 1.04. A ratio of more than one suggests current demand is ahead of supply, which is a positive indicator for sales growth over the next three to twelve months.

“Business growth is continuing in the North American PCB industry, based on uniformly positive September results in both sales and orders, as well as an increase in the book-to-bill ratio,” said Sharon Starr, IPC’s director of market research. “The growth cycle that began in mid-2017 has continued for over two years, although year-on-year growth rates have been modest in recent months. The strengthening book-to-bill ratios in the last two months are good news, but they were preceded by three months at or below parity. This indicates the likelihood of slow but mostly positive sales growth in the next two quarters.”

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