Rigid PCB shipments were up 25.3% while bookings increased 29.3% in June 2010 from June 2009 according to the IPC — Association Connecting Electronics Industries. Year to date, rigid PCB shipments were up 19.3% and bookings grew 35.0%. Compared to the previous month, rigid PCB shipments increased 13.7% and rigid bookings increased 9.7%. The book-to-bill ratio for the North American rigid PCB industry in June 2010 stood at 1.12.
Flexible circuit shipments were up 14.8% in June 2010 and bookings were up 11.0% compared to June 2009. Year to date, flexible circuit shipments increased 0.6% and bookings were up 15.5%. Compared to the previous month, flexible circuit shipments went up 28.1% and flex bookings declined 2.7%. The North American flexible circuit book-to-bill ratio in June 2010 remained high at 1.15.
For rigid PCBs and flexible circuits combined, industry shipments in June 2010 increased 24.4% from June 2009, with orders booked increasing 27.8% from June 2009. Year to date, combined industry shipments were up 17.6% and bookings were up 33.4%. Compared to the previous month, combined industry shipments for June 2010 increased 14.8% and bookings went up 8.6%. The combined (rigid and flex) industry book-to-bill ratio in June 2010 was 1.12.
“The book-to-bill ratios for both rigid PCBs and flexible circuits remain well above parity, which suggests a positive outlook for the remainder of the year,” said IPC President and CEO Denny McGuirk. “Sales growth is stabilizing, but year-on-year growth in both segments is continuing in double digits,” he added.
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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