IPC announced today the June 2022 findings from its North American Electronics Manufacturing Services (EMS) Statistical Program. The book-to-bill ratio stands at 1.39.
Total North American EMS shipments in June 2022 were down 7.6 percent compared to the same month last year. Compared to the preceding month, June shipments increased 9.6 percent.
EMS bookings in June decreased 13.9 percent year-over-year and increased 12.0 percent from the previous month.
“The headlines seem to be focused on recession, but the most recent results from IPC’s North American EMS statistical program tell a different story,” said Shawn DuBravac, IPC chief economist. “Yes, order flow is slowing, but orders remain strong. Orders through the first 6 months of 2022 are down 6.4 percent compared to a historically strong 2021. But orders are up 8.4 percent compared to the first six months of 2019. Orders continue to outpace shipments, suggesting supply chains are still tight.”
Companies that participate in IPC’s North American EMS Statistical Program have access to detailed findings on EMS sales growth by type of production and company size tier, order growth and backlogs by company size tier, vertical market growth, the EMS book-to-bill ratio, 3-month and 12-month sales outlooks, and other timely data.