IPC announced today the March 2025 findings from its North American Printed Circuit Board (PCB) Statistical Program. The book-to-bill ratio stands at 1.24.

Total North American PCB shipments in March 2025were down 3.1 percent compared to the same month last year. Compared to the preceding month, March shipments were down 2.3 percent. March's year-to-date (YTD) shipments increased by 8.7% year-over-year (YOY).

PCB bookings in March were down 0.3 percent compared to the same month last year. March bookings were down 31.8 percent compared to the preceding month. March's YTD bookings increased 19.3% compared to the same period last year.

“March marked the closest alignment between bookings and shipments that we've seen since October 2024—a signal that supply chains may be stabilizing, even as demand remains firm,” said Shawn DuBravac, IPC's chief economist.