IPC Releases IMS/PCB Book-to-Bill Ratio and IMS/PCB Business Report for January 2003


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Northbrook, Ill. -- IPC -- Association Connecting Electronics Industries announced today the findings from its monthly Interconnect Manufacturing Services (IMS)/Printed Circuit Board (PCB) Statistical Program.

The IPC PCB Presidents Council recently selected IMS as a better designation for the PCB industry to better reflect the services provided to customers.

The U.S. IMS/PCB Industry Book-to-Bill Ratio for January 2003 was 1.02. Sales billed (shipments) in January 2003 decreased 19.8 percent from January 2002 and orders booked decreased 16.4 percent from January 2002.

Compared to 2002, bookings of PCBs are up 3.9 percent year-to-date, while shipments of PCBs are down 1.3 percent year-to-date.

The ratio is calculated by averaging the number of orders booked over the past three months and dividing by the average sales billed during the same period.

The IMS/PCB Business Report, an IPC statistical report that tracks the dynamics of the U.S. IMS industry, reported the IMS/PCB shipment index was 91.9 and the IMS/PCB booking index was 104.5 for January 2003.

The IPC IMS/PCB shipment index in January 2003 decreased 25.2 percent from 122.8 in December 2002, and the IPC IMS/PCB booking index in January 2003 decreased 14.5 percent from 122.2 in December 2002.

The index shows how current PCB shipments and bookings relate to an index point. (In this case, 1992 was chosen as the index point because it was a stable growth year for U.S. PCB manufacturers.) A shipment index number of 117.0 indicates that shipments are 17 percent higher than average shipments for the same time period in 1992.

The indices are calculated by setting the base year (1992) equal to 100 and then multiplying the monthly growth rates of the actual shipments and bookings by the corresponding index number.

The information in IPC's monthly industry statistics is based on data provided by both rigid and flexible PCB manufacturers that participate in IPC's monthly IMS Statistical Program. These companies represent 60 percent of the U.S. domestic IMS market. IPC publishes the IMS Book-to-Bill Ratio and the IMS Business Report each month. (Statistics for the previous month are not available until the last week of the following month.)

IPC is a trade association dedicated to the competitive excellence and financial success of its more than 2,400 member companies, which represent all facets of the electronic interconnection industry, including design, printed circuit board manufacturing and electronics assembly. For more information, visit www.ipc.org.

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