IPC's PCB industry results released for September 2010.
Press Release Summary:
October 28, 2010 - IPC announced rigid PCB shipments and bookings in September 2010 were up compared to September 2009, year-to-date, and previous month, with book-to-bill ratio of 1.03. Flexible circuit bookings were down compared to September 2009 and previous month, as ratio fell to 0.97. For rigid PCBs and flexible circuits combined, shipments and bookings increased as ratio declined to 1.03. Denny McGuirk of IPC noted that growth in orders has led to sales growth which has decreased book-to-bill ratio.
Original Press Release
IPC Releases PCB Industry Results for September 2010
Press release date: October 26, 2010
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 September 2010, 82 percent of total PCB shipments reported were domestically produced. Domestic production accounted for 82 percent of rigid PCB and 82 percent of flexible circuit shipments in September by IPC's survey participants. These numbers are significantly affected by the mix of companies in IPC's survey sample, which changed 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 flex circuits. In September, the flexible circuit manufacturers in IPC's survey sample indicated that bare circuits accounted for about 74 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. 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 trade association based in Bannockburn, Ill., dedicated to the competitive excellence and financial success of its 2,700 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 $1.7 trillion global electronics industry. IPC maintains additional offices in Taos, N.M.; Arlington, Va.; Garden Grove, Calif.; Stockholm, Sweden; Moscow, Russia; Bangalore, India; and Shanghai, Shenzhen and Beijing, China.