SMT, PCB Electronics Industry News

North American PCB Industry Sales Up 12.8 Percent in February

Mar 25, 2022

IPC announced today the February 2022 findings from its North American Printed Circuit Board (PCB) Statistical Program. The book-to-bill ratio stands at 1.16.

Total North American PCB shipments in February 2022 were up 12.8 percent compared to the same month last year. Compared to the preceding month, February shipments rose 8.9 percent.

PCB year-to-date bookings in February were down 12.6 percent compared to last year. Bookings in February fell 5.9 percent from the previous month.

“Russia's invasion of Ukraine exacerbates already strained electronics supply chains,” said Shawn DuBravac, IPC’s chief economist. “February showed strong PCB shipment growth, a hopeful sign that supply chain dynamics will steadily improve.”

Detailed Data Available

Companies that participate in IPC’s North American PCB Statistical Program have access to 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.

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 by the end of each month.


IPC (www.IPC.org) is a global industry association based in Bannockburn, Ill., dedicated to the competitive excellence and financial success of its 3,000+ member companies 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.

Jun 24, 2022 -

North American EMS Industry Up 9.4 Percent in May

Jun 24, 2022 -

IPC APEX EXPO 2023 Call for Participation Deadline Extended

Jun 24, 2022 -

IPC-1402, Standard for Green Cleaners Used in Electronics Manufacturing Now Open for Public Review

Jun 24, 2022 -

Industry Groups Urge U.S. Congress to Fix Weaknesses in Electronics Supply Chain

Jun 16, 2022 -

Registration Open for 4th Annual M-EXPO Wire Processing Technology Expo

Jun 16, 2022 -

Higher Costs Continue to Dominate Electronics Industry Narrative

Jun 02, 2022 -

IPC Issues Call for Participation for IPC E-Textiles 2023

Jun 02, 2022 -

North American EMS Industry up 4.3 Percent in April

Jun 02, 2022 -

North American PCB Industry Sales Up 2.1 Percent in April

Jun 02, 2022 -

AirBorn Inc. Requalifies for IPC/WHMA-A-620 Qualified Manufacturers Listing

1289 more news from Association Connecting Electronics Industries (IPC) »

Jul 01, 2022 -

Screen Cleaning Machine HJS-4600, SMT Screen Cleaning Machine HJS-4600

Jun 30, 2022 -

Electric Fixture Cleaning Machine HJS-6700, SMT pallet cleaning machine, soldering pallet cleaning machine

Jun 29, 2022 -

Waste Water Treatment Machine RWT-1000, SMT Waste Water Treatment Machine RWT-1000

Jun 28, 2022 -

Gen3's Dr Chris Hunt, CTO submits an insightful paper to the journal of Surface Mount Technology

Jun 28, 2022 -

Squeegee Cleaning Machine HJS-3700,SMT Squeegee Cleaning Machine HJS-3700

Jun 27, 2022 -

Solderstar Celebrates 20 Years of Innovation

Jun 27, 2022 -

Nozzle Cleaning Machine HJS-390,SMT Nozzle Cleaning Machine

Jun 26, 2022 -

Ultrasonic Cleaning Machine HJS-1036A,Ultrasonic Stencil Cleaning Machine HJS-1036A

Jun 25, 2022 -

Offline PCBA Cleaning Machine HJS-7100,rosin flux, non-clean flux,water-soluble flux cleaning machine

Jun 24, 2022 -

North American EMS Industry Up 9.4 Percent in May

See electronics manufacturing industry news »

North American PCB Industry Sales Up 12.8 Percent in February news release has been viewed 211 times

MSD Dry Cabinets

Inline Cleaning Machine Hydro-clean Array