Printed circuit board book-to-bill ratio hits 1.02
The increase is an indicator that business is beginning to improve for board manufacturers.
Jim Carbone -- Purchasing, 6/26/2009 2:20:07 PM
The North American book-to-bill ratio for printed circuit boards increased to 1.02 in May from 0.97 in April, the first time since April 2008 that it has been 1.00 or higher, according to trade association IPC.
A book-to-bill ratio of 1.02 means that for every $100 of orders shipped, board manufacturers received $102 in new orders.
For rigid PCBs and flexible circuits combined, shipments in May were up 2.1% from the previous month while bookings were down 2.1%. Shipments and orders were down from May 2008.
Board shipments in May decreased 32.2% from May 2008 and orders decreased 24.8%. Year-to-date, combined industry shipments were down 26.9% and bookings are down 30.7%.
Still, a positive book-to-bill ratio was welcome news to the board industry. "After 12 consecutive months in negative territory, the book-to-bill ratio has finally climbed above 1.0 and that is good news for the industry," says IPC President Denny McGuirk. "It is a good indicator of sales growth over the next few months. Sales growth is already starting to turn the corner," he added.
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The North American book-to-bill ratio for printed circuit boards increased to 1.02 in May from 0.97 in April, the first time since April 2008 that it has been 1.00 or higher, according to trade association IPC.
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