North American PCBs

In January 2019, North American PCB shipments fell by 21.4% from the same period last year; compared with last month, shipments in January fell by 12.3%.

 

Orders for PCBs fell 24.4% year-on-year in January; orders in January fell 10.7% from January.

IPC market research director Sharon Starr said: "In January, PCB sales and orders showed a typical downward trend, but the year-on-year decline may reflect market adjustment. This round of growth has reached a peak growth rate in mid-2017 and early 2018 2018. The current year-on-year growth rate is compared with the peak period of a year ago. Since the 12-year peak in January and February 2018, orders have been slowly growing faster than sales, and the order-to-shipment rate remains within the healthy range. , indicating that the sales growth rate will rebound to the growth range in the middle of 2019.

pcb

Description: Due to changes in the survey sample, the order-to-shipment ratio was adjusted from January to March 2018.

pcba trend

Description: The growth rate from January to March 2018 was adjusted due to changes in the sample survey.

 

Report details

 

The North American PCB industry survey and statistical report for the fourth quarter of 2018, including detailed data, was released in February 2019. The first quarter of 2019 will be released in May. Detailed data included in the quarterly report includes sales of rigid and flexible PCBs, order quantities and their respective order-to-bill ratios, growth in different company sizes and product types, and sales growth in the military and medical markets. Other important and up-to-date data, such as sample requirements.

Data interpretation

The order-to-shipment ratio is the ratio of the sample companies participating in the IPC research project divided by the sales volume for the past three months. The ratio exceeds 1.00, indicating that current demand exceeds supply, indicating that sales will increase in the next three to twelve months. A ratio of less than 1.00 means that the current supply is greater than demand and sales growth will slow down in the next three to four months.

Year-on-year growth rate and year-to-date growth rate have guiding significance for the development trend of the research industry. Ring data needs to be treated with caution due to its periodic and short-term changes. Order data changes exceed shipment data, and unless there is a major change in three consecutive months, the change in order-to-ship ratio between month and month is less important. Exploring the reasons for order and shipping changes is just as important as understanding the changes in order-to-invoice ratios.