N. American PCB Shipments Up 6% in Feb.
BANNOCKBURN, IL – Total North American printed circuit board shipments in February were up 6.1% year-over-year and 3.9% sequentially, says IPC.
February PCB orders increased 6% year-over-year and 14.3% sequentially.
The book-to-bill ratio rose to 1.20, up 60 basis points from January and the highest mark since April 2020. 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 12 months.
"PCB orders and shipments continue to trend higher,” said Shawn DuBravac, IPC chief economist. “Orders during the month were especially strong, which carry shipments in the coming month.”
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