BANNOCKBURN, IL — November shipments among North American electronics manufacturing services rose 2.5% year-over-year, IPC announced.

Shipments rose 4% sequentially, the trade group added.

Bookings rose 27.3% year-over-year and 10.1% from the previous month.

For the year, orders are up 22.3% and shipments are up 1.3%.

The book-to-bill ratio for the month was flat sequentially at 1.43.

The ratio is 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 demand is ahead of supply, and is considered an indicator for growth over the next three to 12 months.

“Orders continue to outpace shipments by a wide margin. This discrepancy continues to be driven by supply chain disruptions and worker shortages,” said Shawn DuBravac, chief economist, IPC.

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