BANNOCKBURN, IL – Total North American PCB shipments in February were up 12.8% year-over-year and 8.9% sequentially.
PCB year-to-date orders in February were down 12.6% compared to the same period last year. Orders fell 5.9% sequentially.
The book-to-bill ratio was 1.16, compared to 1.18 in January. A ratio of more than one suggests current demand is ahead of supply, which is a positive indicator for sales growth over the next three to twelve months.
“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.”
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