BANNOCKBURN, IL – Total North American PCB shipments in May 2023 were up 6.7% compared to the same month last year. Compared to the preceding month, May shipments were down 1.9%, according to IPC's North American Printed Circuit Board Statistical Program.

PCB bookings in May were up 4.1% compared to the same month last year, and May bookings were up 6.7% compared to the preceding month. The book-to-bill ratio stands at 0.89.

"The North American PCB market looks pretty balanced this month. Shipments remain strong and we saw the first year-over-year rise in bookings we've seen since November 2022," said Shawn DuBravac, IPC’s chief economist.

IPC’s monthly PCB industry statistics are based on data provided by a representative sample of both rigid PCB and flexible circuit manufacturers selling in the USA and Canada. IPC publishes the PCB book-to-bill ratio by the end of each month.

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.

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