August 2014

North American Electronics Sales and Orders Strengthened in Q2

The North American electronics industry is showing signs of a renewed recovery. By the end of June the three-month rolling averages of PCB, EMS and semiconductor sales all showed improvement. U.S. new orders for electronic products, which tends to lead sales growth by one month, was also up sharply from the prior month.

IPC's PCB book-to-bill ratio, which normally leads PCB sales by three to six months, has hovered around 1.00 over the past four months, which indicates flat or slow growth. 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.

Current Industry 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 For Year Source
Printed Circuit Boards (PCBs) $60     2012 IPC, World PCB Production Report for the Year 2012
Electronics Manufacturing Services (EMS) $419.5 2012 Electronic Trends Publications
Electronic Equipment (Final Assembly) $2,020 2013 Electronic Outlook

Find more information and data from other industry associations