IPC announced today the February 2025 findings from its North American Printed Circuit Board (PCB) Statistical Program. The book-to-bill ratio stands at 1.33.

Total North American PCB shipments in February 2025were up 11.3 percent compared to the same month last year. Compared to the preceding month, February shipments were down 1.5 percent. February's year-to-date (YTD) shipments increased by 15.5 percent year-over-year (YOY).

PCB bookings in February were up 17.8 percent compared to the same month last year. February bookings were up 19.9 percent compared to the preceding month. February’s YTD bookings increased 28.8 percent compared to the same period last year.

“Another exceptionally strong month of bookings has pushed the PCB Book-to-Bill ratio to a new all-time high, underscoring the strong demand momentum currently in the industry,” said Shawn DuBravac, IPC’s chief economist.