BANNOCKBURN, IL — North American printed circuit board shipments rose 9.1% year-over-year in May, IPC announced today.

Shipments fell 0.2% sequentially, the trade group added.

Bookings rose 24.1% year-over-year during the same period. Bookings in May increased 12.8% from the previous month.

The book-to-bill ratio fell 50 basis points from last month to 1.11. The 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 1.0 suggests that current demand is ahead of supply, which is a positive indicator for sales growth over the next three to 12 months.

“The PCB industry enjoyed higher orders in May, while shipments were flat with the prior month. PCB shipments, like much of the electronics industry, are being impacted by higher raw material costs and longer lead times for some of these key materials,” said Shawn DuBravac, chief economist, IPC. “The industry will continue to face these constraints in the coming months until markets regain equilibrium.”

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