North American PCB Business Down While Book-to-Bill Ratio Strengthens
Total North American PCB shipments in January 2019 declined 21.4% compared to the same month last year.
IPC-Association Connecting Electronics Industries® recently announced the January 2019 findings from its North American Printed Circuit Board (PCB) Statistical Program. Sales and orders both dropped sharply in January, but the book-to-bill ratio strengthened to 1.06.
Total North American PCB shipments in January 2019 declined 21.4% compared to the same month last year. Compared to the preceding month, January shipments were down 12.3%. PCB bookings in January fell 24.4% compared to January 2018 and 10.7% compared to December 2018.
“While PCB sales and orders typically fall in January compared to the preceding month, the unusually sharp year-over-year decreases in January’s sales and orders probably reflect a market correction,” said Sharon Starr, IPC’s director of market research. “The growth cycle that began in mid-2017 peaked in late 2017 and early 2018. Growth has been slowing since the middle of 2018. Current year-over-year growth rates reflect a comparison with peak levels of sales and orders a year ago. The steady decline in the book-to-bill ratio from a 12-year high in January and February of 2018 down to 1.01 in November indicated slowing growth, but the ratio rebounded and remains positive because orders continue to outpace sales. This indicates that positive sales growth is likely to resume by mid-2019.”
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