BANNOCKBURN, IL – North American PCB shipments in March were down 23.8% compared to March 2023, according to IPC's findings from its North American PCB Statistical Program. The book-to-bill ratio stands at 1.13.

Compared to the preceding month, March shipments were up 12.2%.

PCB bookings in March were down 1.9% compared to the same month last year. March bookings were down 19.4% compared to the preceding month.

"The uptick in orders through the first quarter reverses the downtrend and reaffirms strength amid ongoing challenges," said Shawn DuBravac, IPC’s chief economist.

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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