North American Electronics Industry Showing Signs of Growth
North American electronics sales are trending upward, with semiconductors on a strong growth trajectory throughout the summer. Printed circuit board (PCB) sales have been gradually strengthening since the beginning of the year and electronics manufacturing services (EMS) plateaued in August after four months of steady growth. U.S. new orders for electronic products have been on a bumpy but generally upward trend since the beginning of 2014. U.S. new orders tend to lead sales growth by one month.
IPC's PCB book-to-bill ratio, which normally leads PCB sales by three to six months, was just above parity at 1.01 in August. It has hovered around parity for the past seven 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.
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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