IPC: North American EMS Industry Up 15.5% in September
BANNOCKBURN, IL — IPC has announced that North American Electronics Manufacturing Services shipments in September were up 15.5% compared to the same month last year. Compared to August, September shipments decreased 0.1%. The book-to-bill ratio stands at 1.29.
EMS bookings in September increased 21.1% year-over-year and increased 18.1% from the previous month.
“North American EMS bookings improved in the last month, hitting a high for the year, a sign that demand for durable goods still has some life despite the slowing macroeconomic environment,” said Shawn DuBravac, IPC’s chief economist. “Shipments remain healthy for a second consecutive month, a hopeful sign that severe supply chain constraints are behind us.”
The book-to-bill 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 1.00 suggests that current demand is ahead of supply, which is a positive indicator for sales growth over the next three to twelve months. A ratio of less than 1.00 indicates the reverse.
IPC’s monthly EMS industry statistics are based on data provided by a representative sample of assembly equipment manufacturers selling in the USA and Canada. IPC publishes the EMS book-to-bill ratio by the end of each month.
