IPC, a global association for electronics manufacturing, released on November 22nd that the October 2023 findings from its North American Printed Circuit Board (PCB) Statistical Program. The book-to-bill ratio stands at 0.97.

Total North American PCB shipments in October 2023 were up 3.9 percent compared to the same month last year. Compared to the preceding month, October shipments were up 6.3 percent.

PCB bookings in October were up 14.9 percent compared to the same month last year. October bookings were down 8.7 percent compared to the preceding month.

“PCB shipments for October were slightly better than expectations,” said Shawn DuBravac, IPC’s chief economist. “Weaker orders for the month suppressed the book-to-bill. Orders over the last three months are 20 percent below last year's levels.”

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