BANNOCKBURN, IL — Total North American EMS shipments in January were down 6% year-over-year and 14.9% sequentially.

Orders for the month rose 28.7% compared to January 2020 but fell 17.9% sequentially.

The book-to-bill ratio was 1.58, compared to 1.55 in December. 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.

“While shipments slipped in January, orders were extremely strong, pushing the book-to-bill ratio to the second highest level on record,” said Shawn DuBravac, IPC chief economist. “Parts availability is likely continuing to hinder production despite some early signs that supply chains are improving. Geopolitical risk is casting a cloud of uncertainty that will likely produce a shift in downstream market demand over the coming months.”

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