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North American EMS industry down 3.6 percent in March 2021, IPC finds

US EMS industry
North American EMS industry down 3.6 percent in March 2021, IPC finds

North American EMS industry down 3.6 percent in March 2021, IPC finds
Although shipments were down on March 2020, the three-month EMS book-to-bill has never been higher, Shawn DuBravac, IPC’s chief economist said. Source: IPC

Global electronics industry trade association IPC has released its March 2021 findings from its North American Electronics Manufacturing Services (EMS) Statistical Program. Total North American EMS shipments in March 2021 were down 3.6 percent compared to the same month last year. Compared to the preceding month, shipments in March were up by 10.9 percent. The book-to-bill ratio stands at 1.43. EMS bookings in March rose 8.9 percent year-on-year and decreased 8.7 percent from the previous month.

“EMS shipments bounced back sharply in March, following a February marked by severe weather that hindered production,” said Shawn DuBravac, IPC’s chief economist. “Order flow slowed during the month but remains near historical levels. In fact, the three-month EMS book-to-bill has never been higher. With book-to-bill at 1.43, the EMS industry hit a second record in as many months.”

Interpreting the Data

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.

The book-to-bill ratios are 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. A ratio of more than 1.00 suggests that current demand is ahead of supply, which is a positive indicator for sales growth over the next three to twelve months. A ratio of less than 1.00 indicates the reverse.

Year-on-year and year-to-date growth rates provide the most meaningful view of industry growth. Month-to-month comparisons should be made with caution as they reflect seasonal effects and short-term volatility. Because bookings tend to be more volatile than shipments, changes in the book-to-bill ratios from month to month might not be significant unless a trend of more than three consecutive months is apparent. It is also important to consider changes in both bookings and shipments to understand what is driving changes in the book-to-bill ratio.

IPC’s monthly EMS industry statistics are based on data provided by a representative sample of assembly equipment manufacturers selling in the USA and Canada. IPC publishes the EMS book-to-bill ratio by the end of each month.

Company contact

IPC International, Inc.
3000 Lakeside Drive, 105 N
Bannockburn, IL 60015
Tel.: + 1 (847) 615–7100
Website: www.ipc.org

www.ipc.org

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