North American Electronics Sales Growth Continues at a Slow Pace
Growth is continuing in most segments of the electronics industry, notably semiconductor and bare printed circuit board (PCB) sales, but there is evidence of a flattening in the trend for electronics manufacturing services (EMS) sales and U.S. new orders for electronics products. U.S. new orders for electronic products tend to lead sales growth by about one month.
IPC’s PCB book-to-bill ratio, which normally leads PCB sales by three to six months, declined to 0.99, just under parity (1.00) in September and has hovered around that level for the past eight months. This is typically an indicator of flat growth in the coming months. Ratios above parity (1.00) indicate greater demand than supply, which may be a precursor of strengthening sales growth in the PCB industry.
All data cited in this report are based on rolling averages of the past three months, which smooths out some of the volatility in monthly data to show clearer trends.
Note on the graph:
All indices are based on the same baseline of the average month in 2000=100, and reflect a three-month rolling average.
Sources: IPC statistical programs for the EMS and PCB industries; SIA for semiconductor data; U.S. Census Bureau for U.S. new orders for computer and electronic products.
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Market Research Reports
World Market Size Estimates
||Billions of U.S. Dollars
|Printed Circuit Boards (PCBs)
||IPC, World PCB Production Report for the Year 2013
|Electronics Manufacturing Services (EMS)
||Electronic Trend Publications
|Electronic Equipment (Final Assembly)
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