BANNOCKBURN, IL – Total North American PCB year-to-date orders in May were down 9.2% year-over-year and 10.3% sequentially, according to IPC.

PCB shipments in May were up 3.4% compared to the same month last year and 1.1% compared to April.

The book-to-bill ratio was 1.03, flat with the prior month. 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.

“PCB demand remains strong and is showing some signs of normalization,” said Shawn DuBravac, IPC’s chief economist. “Order flow is slowing, and shipments are picking up, bringing the book-to-bill into a more normal range.”

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