SMT, PCB Electronics Industry News

North American PCB Sales Decline, Following Negative Order Growth

Aug 28, 2019

BANNOCKBURN, Ill., USA, August 28, 2019 IPC — Association Connecting Electronics Industries® announced today the July 2019 findings from its North American Printed Circuit Board (PCB) Statistical Program. Sales growth in July turned negative, following order growth into negative territory. The book-to-bill ratio remained at parity (1.00).

Total North American PCB shipments in July 2019 were down 5.3 percent compared to the same month last year. Year-to-date sales growth as of July remained positive at 8.3 percent. Compared to the preceding month, July shipments decreased 23.1 percent.

PCB bookings in July decreased 4.3 percent year-over-year, bringing year-to-date order growth down to a positive 1.2 percent. Bookings in July were down 17.8 percent from the previous month.

“Year-on-year declines in orders in seven of the last 12 months are taking a toll on sales growth in the North American PCB industry,” said Sharon Starr, IPC’s director of market research. “Sales growth has slowed in recent months and dipped into negative territory in July. The slowdown is reflected in the book-to-bill ratio, which has hovered around 1.00 in the last five months. This indicates the probability of flattening sales growth in the second half of the year.”

Detailed Data Available

The third-quarter 2019 edition of IPC’s North American PCB Market Report, containing detailed data from IPC’s PCB Statistical Program, will be published by mid-November. The quarterly report presents detailed findings on rigid PCB and flexible circuit sales and orders, including separate rigid and flex book-to-bill ratios, growth trends by product types and company size tiers, demand for prototypes, sales growth to military and medical markets, and other timely data. This report is available free to current participants in IPC’s PCB Statistical Program and by subscription to others. PCB companies that are IPC members doing business in North America are invited to contact marketresearch@ipc.org for information about participating. More information about this report can be found at www.ipc.org/market-research-reports.

Interpreting the Data

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.

Year-on-year and year-to-date growth rates provide the most meaningful view of industry growth. Month-to-month comparisons should be made with caution as they reflect seasonal effects and short-term volatility. Because bookings tend to be more volatile than shipments, changes in the book-to-bill ratios from month to month might not be significant unless a trend of more than three consecutive months is apparent. It is also important to consider changes in both bookings and shipments to understand what is driving changes in the book-to-bill ratio.

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 at the end of each month. Statistics for the current month are normally available in the last week of the following month.


IPC (www.IPC.org) is a global industry association based in Bannockburn, Ill., dedicated to the competitive excellence and financial success of its 5,400-member company sites which represent all facets of the electronics industry, including design, printed board manufacturing, electronics assembly and test. As a member-driven organization and leading source for industry standards, training, market research and public policy advocacy, IPC supports programs to meet the needs of an estimated $2 trillion global electronics industry. IPC maintains additional offices in Taos, N.M.; Washington, D.C.; Atlanta, Ga.; Stockholm, Sweden; Brussels, Belgium; Moscow, Russia; Bangalore and New Delhi, India; Bangkok, Thailand; and Qingdao, Shanghai, Shenzhen, Chengdu, Suzhou and Beijing, China.

Sep 18, 2019 -

IPC Designs for Excellence in Conjunction with PCB Carolina

Sep 11, 2019 -

Emerging Technologies Take Center Stage at IPC Electronics Materials Forum

Sep 10, 2019 -

B. Gentry Lee to Keynote 2020 WHMA 27th Annual Wire Harness Conference

Sep 10, 2019 -

IPC Invites Industry Leaders to Submit Poster Abstracts for IPC APEX EXPO 2020 in San Diego

Sep 05, 2019 -

IPC Names Shawn DuBravac, Global Tech Trends Expert, as New Chief Economist

Sep 03, 2019 -

IPC E-Textiles Europe 2019 to Bring Technical Education to European E-textiles Community

Aug 27, 2019 -

Jet Dragster World Champion Elaine Larsen to Keynote Women in Electronics Reception at IPC APEX EXPO 2020

Aug 12, 2019 -

IPC E-Textiles 2019 to Address the Real World of E-textiles Applications for Multiple End Markets Drexel University Center for Functional Fabrics in Philadelphia to host event, September 10-11

Aug 12, 2019 -

IPC Releases 2019 Quality Benchmark Study for Electronics Assembly

Aug 04, 2019 -

ALPHA-electronik A/S, First European Company to Renew Qualified Manufacturers Listing for IPC J-STD-001 and IPC-A-610

1034 more news from Association Connecting Electronics Industries (IPC) »

Sep 18, 2019 -

Nordson DAGE Selected to Join a UK Consortium to Develop Test & Inspection Technologies for High-Volume Battery Manufacturing

Sep 18, 2019 -

Horizon Sales Named Juki ‘Rep of the Year’ for Sixth Consecutive Year

Sep 18, 2019 -

Michelle Ogihara Co-Chairs MSD Council Meeting at SMTAI

Sep 18, 2019 -

Jabil’s Brooks to Keynote Additive Electronics Conference

Sep 18, 2019 -

SMTconnect 2020 offers exhibitors numerous ways to participate

Sep 18, 2019 -

2019 Charles Hutchins Educational Grant Winner Announced

Sep 18, 2019 -

Weller to Co-Host Reliability Event at SMTA New England Expo & Tech Forum

Sep 18, 2019 -

IPC Designs for Excellence in Conjunction with PCB Carolina

Sep 18, 2019 -

ZESTRON’s Michael Kövi will be Presenting at SMTA International 2019

Sep 18, 2019 -

See Super Women at a Super Event – SMTAI Women’s Leadership Program

See electronics manufacturing industry news »

North American PCB Sales Decline, Following Negative Order Growth news release has been viewed 14 times

Six Sigma Training

Small Parts Tips