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IPC Releases March Electronics Report

Both rigid printed circuit board shipments and bookings up by double digits, IPC survey shows.

According to IPC, the Association Connecting Electronic Industries, rigid printed circuit board shipments were up 19.6% while bookings increased 38.4% in March 2010 from March 2009. Year to date, rigid PCB shipments were up 9.2% and bookings have grown 31.9%. Compared to the previous month, rigid printed circuit board shipments increased 23.5% and rigid bookings increased 28.2%.

Following is a breakdown by category: Flexible circuit shipments in March 2010 were down 1.3%, with bookings up 18.9% compared to March 2009. Year to date, flexible circuit shipments were down 2.4% and bookings were up 7.1%. Compared to the previous month, flexible circuit shipments went up 27.3% and flex bookings rose by 98.8%.

For rigid PCBs and flexible circuits combined, industry shipments in March 2010 increased 17.7% from March 2009, as orders booked increased 36.8% from March 2009. Year to date, combined industry shipments were up 8.3% and bookings were up 29.9%. Compared to the previous month, combined industry shipments for March 2010 increased 23.8% and bookings went up 31.6%. The book-to-bill ratio for the North American rigid printed circuit board industry grew to 1.10 in March, while the combined rigid and flex industry book-to-bill ratio in March 2010 increased to 1.09. Note: A ratio of more than 1.0 suggests that demand is currently ahead of supply--a positive indicator of sales growth over the next two three months.

 “In the March data, we can really see the recovery in full swing,” said IPC President & CEO Denny McGuirk. “Rigid PCB bookings grew in double digits and continued to grow faster than shipments, which has kept the book-to-bill ratio strongly positive for the past 10 consecutive months. Both rigid PCBs and flexible circuits are gaining strength.”

The full March 2010 IPC report is available online.


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