BANNOCKBURN, IL — Total North American PCB orders in February increased 14.2% year-over-year and 21.8% sequentially, according to IPC.

PCB shipments for the month were down 1.1% compared to the same month last year. Sequentially, shipments rose 1.5%.

The book-to-bill ratio stands at 1.15. 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.

“The coronavirus outbreak in China in late January and February created an unprecedented supply shock that idled significant global capacity and drove a historic increase in new bookings for the North American PCB industry,” said Shawn DuBravac, IPC chief economist. “We expect to see further increases in both new bookings and shipments in the coming month, as near-term demand in North America spikes due to dis-allocations in the global supply chain and the medical supply chain ramping production of medical equipment to combat Covid-19.”    

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