IPC releases PCB industry results for May 2012.
Press Release Summary:
July 10, 2012 - According to IPC's North American PCB Statistical Program, rigid PCB shipments were down 1.9% in May 2012 from May 2011, but bookings increased 12.0% year over year. Flexible circuit shipments were down 10.0%, and bookings were down 1.1% compared to May 2011. For rigid PCBs and flexible circuits combined, shipments in May 2012 decreased 2.6% from May 2011 and orders booked increased 10.6% from May 2011. Book-to-bill ratios for rigid PCBs and flexible circuits were 1.02 and 1.17, respectively.
Original Press Release
IPC Releases PCB Industry Results for May 2012
Press release date: June 27, 2012
IPC's monthly survey of the North American PCB industry tracks bookings and shipments from U.S. and Canadian facilities, which provide indicators of regional demand. These numbers do not measure U.S. and Canadian PCB production. To track regional production trends, IPC asks survey participants for the percent of their reported shipments that were produced domestically (i.e., in the USA or Canada). In May 2012, 83 percent of total PCB shipments reported by survey participants were domestically produced. Domestic production accounted for 84 percent of rigid PCB and 80 percent of flexible circuit shipments in May by IPC's survey participants. These numbers are significantly affected by the mix of companies in IPC's survey sample, which change slightly in January, but are kept constant through the remainder of the year. Bare Circuits versus Assembly
Flexible circuit sales typically include value-added services such as assembly, in addition to the bare flexible circuits. In May, the flexible circuit manufacturers in IPC's survey sample indicated that bare circuits accounted for about 41 percent of their shipment value reported for the month. Assembly and other services make up a large and growing segment of flexible circuit producers' businesses. This figure is also sensitive to changes in the survey sample, which may occur at the beginning of each calendar year. Interpreting the Data
Year-on-year and year-to-date growth rates provide the most meaningful view of industry growth. Month-to-month comparisons should be made with caution as they may reflect cyclical effects and short-term volatility. Because bookings tend to be more volatile than shipments, changes in the book-to-bill ratios from month to month may not be significant unless a trend of more than three consecutive months is apparent. It is also important to consider changes in bookings and shipments to understand what is driving changes in the book-to-bill ratio. The information in IPC's monthly PCB industry statistics is based on data provided by a representative sample of both rigid and flexible PCB manufacturers in the USA and Canada. IPC publishes the PCB Book-to-Bill Ratio and the PCB Statistical Program Report each month. Statistics for the previous month are not available until the last week of the following month. About IPC
IPC (www.IPC.org) is a global industry association based in Bannockburn, Ill., dedicated to the competitive excellence and financial success of its 3,100 member companies which represent all facets of the electronics industry, including design, printed board manufacturing, electronics assembly and test. As a member-driven organization and leading source for industry standards, training, market research and public policy advocacy, IPC supports programs to meet the needs of an estimated $2.02 trillion global electronics industry. IPC maintains additional offices in Taos, N.M.; Arlington, Va.; Stockholm, Sweden; Moscow, Russia; Bangalore, India; and Shanghai, Shenzhen and Beijing, China.