BANNOCKBURN, IL – North American PCB shipments in January were down 3.9% compared to the same month last year, IPC reported in its latest North American PCB Statistical Program. The book-to-bill ratio stands at 0.93.

Compared to the preceding month, January shipments were down 7.9%.

PCB bookings in January were down 8.6% compared to the same month last year. January bookings were up 11.1% compared to the preceding month.

"PCB orders started the year on a weaker note," said Shawn DuBravac, IPC’s chief economist. "Diminished PCB orders, coupled with shipments that exceeded expectations for the month, worked in tandem to suppress the book-to-bill ratio."

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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