BANNOCKBURN, IL – North American printed circuit board shipments fell 6.8% in April from the same month last year, IPC reported today. Despite the year-over-year decline, shipments were up 11.5% sequentially, and year-to-date shipments rose 4.6% compared to 2024.

Bookings surged 23.5% year-over-year and jumped 26.9% from March, bringing year-to-date bookings to a 20.5% increase. The book-to-bill ratio now stands at 1.21, signaling continued strength in future demand.

The ratio is calculated by dividing the value of orders booked over the past three months by the value of sales billed during the same period from companies in IPC’s survey sample.

“The North American PCB sector saw a big lift in April bookings, suggesting strong momentum as we head into mid-year production cycles and underscoring continued strength in demand,” said Shawn DuBravac, IPC’s chief economist.

The book-to-bill ratio, calculated by dividing bookings by billings over the past three months, remains above the key 1.0 threshold, indicating demand continues to outpace supply. IPC notes that month-to-month shifts should be interpreted with caution due to seasonal and short-term volatility.

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