The Global Electronics Association announced today the July 2025 findings from its North American Printed Circuit Board (PCB) Statistical Program. The book-to-bill ratio stands at 1.00.

Total North American PCB shipments in July 2025were up 20.7% compared to the same month last year. Compared to the preceding month, July shipments were up 11.3%. July's year-to-date (YTD) shipments increased by 7.6% year-over-year (YOY).

PCB bookings in July were up 22.2% compared to the same month last year. July bookings were down 5.5% compared to the preceding month. July's YTD bookings increased 17.2% compared to the same period last year.

"North American PCB activity firmed in July," said Shawn DuBravac, Global Electronics Association's chief economist. "A pickup in shipments brought the book-to-bill into balance, indicating output is keeping pace with demand and demand remains strong."