BANNOCKBURN, IL – Total North American PCB shipments in July were down 21.2% compared to the same month last year, according to IPC's findings from its North American PCB Statistical Program. The book-to-bill ratio stands at 0.99.

Compared to the preceding month, July shipments were down 14%.

PCB bookings in July were down 25.4% compared to the same month last year and were down 17.3% compared to the preceding month.

"July 2024 proved to be a difficult month for the PCB sector, with both shipments and orders experiencing notable weakness," 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.