North American Electronics Business Growth Slowing but Still Positive
内蒙古快三开奖号 www.mnxj.net North American electronics industry sales growth remained positive as of October 2018, but the pace of growth slowed for printed circuit boards (PCBs), electronics manufacturing services (EMS) and semiconductors. The growth cycle plateaued for semiconductors at the beginning of this year, followed by EMS and PCB sales growth, which plateaued in the second and third quarters, respectively. These year-over-year growth rates reflect three-month rolling averages.
The leading indicators also remain positive but are decreasing. The U.S. Purchasing Managers’ Index (PMI), which tends to lead industry sales by two to six months, decreased in October but remains high. It has been in positive territory (above 50) for over two years. The 3/12 rate of change for U.S. new orders for electronic products, which leads industry sales by one to three months, retreated very slightly but remains positive.
Another leading indicator is IPC’s PCB book-to-bill ratio. It is based on three-month rolling averages of orders and sales, and normally leads industry sales by three to nine months. The book-to-bill ratio held steady at 1.04 in October. The ratio remains in positive territory, where it has been for the past 21 consecutive months, driven mainly by order growth. It reached a high peak in February 2018 and has since been decreasing. Ratios above parity (1.00) indicate greater demand than supply, which may be a precursor of sales growth for electronics manufacturers, especially when a run of positive ratios over several months is seen.
These indicators suggest the likelihood of continued sales growth in the industry through the end of 2018 and into the first quarter of 2019.
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- This information is provided by IPC International, Inc.?
- Other industry data can be found at 内蒙古快三开奖号.
- Three-month rolling averages smooth out some of the volatility in monthly data to show clearer trends.
- The U.S. Department of Commerce revised its historical data on U.S. new orders and issued new data on May 17, 2018. The graph above reflects the revised data.
Sources: IPC statistical programs for the EMS and PCB industries; SIA for semiconductor data; U.S. Census Bureau for U.S. new orders for computer and electronic products; and Institute for Supply Management for the U.S. Purchasing Managers’ Index.
Market Research Reports
World Market Size Estimates
||Billions of U.S. Dollars
|Printed Circuit Boards (PCBs)
||N.T. Information Ltd.
|Electronics Manufacturing Services (EMS)
||New Venture Research
|Electronic Equipment (Including Components)
||Reed Electronics Research
*The PCB estimate for 2017 includes the assembly value of PCBs (mainly flexible circuits) sold by fabricators that include some assembly, unlike previous IPC estimates of world PCB market size. The new data are published in IPC’s World PCB Production Report for the Year 2017, which is available in IPC’s online store..
Note: Changes in currency exchange rates affect these dollar amounts from year to year.
Source: IPC Global Solder Statistical Program and Global Solder Market Report
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