Rigid PCB shipments were up 31.4% and bookings increased 45.8% in May 2010 compared to May 2009 according to the latest report from IPC - Association Connecting Electronics Industries.
The May findings from IPC's monthly North American Printed Circuit Board (PCB) Statistical Program reports that rigid PCB shipments were up 18.0% year-to-date and bookings grew 36.3%.
Rigid PCB shipments increased 1.3% compared to April 2010 and rigid bookings increased 6.5%. The book-to-bill ratio for the North American rigid PCB industry in May 2010 continued its climb to 1.13.
Flexible circuit shipments in May 2010 were up 10.5%, and bookings were up 59.3% compared to May 2009. Year to date, flexible circuit shipments were down 2.6% and bookings were up 16.7%. Compared to the previous month, flexible circuit shipments went up 16.0% and bookings grew by 33.4%. The North American flexible circuit book-to-bill ratio in May 2010 made strong increase to 1.18.
For rigid PCBs and flexible circuits combined, industry shipments in May 2010 increased 29.6% from May 2009, as orders booked increased 46.8% from May 2009. Year to date, combined industry shipments were up 16.2% and bookings were up 34.7%. Compared to the previous month, combined industry shipments for May 2010 increased 2.2% and bookings went up 8.3%. The combined (rigid and flex) industry book-to-bill ratio in May 2010 increased to 1.13.
"Both yearly and monthly growth rates in the North American PCB industry are now positive,” said IPC President and CEO Denny McGuirk. “That means the industry is not only doing better than last year, but is growing monthly as well. Despite strong sales,” he added, “orders are growing even faster. That keeps moving the book-to-bill ratio up, which indicates continued sales growth this year.”
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 two to three months.
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