Product Demand Weakens This Month, Though Operations Remain Generally Healthy
Though product demand weakened this month with Orders and Backlog Indexes slipping, overall electronics industry operations remain healthy per IPC’s September 2023 Global Sentiment of the Electronics Supply Chain Report.
U.S. Economy Remains Resilient, but Headwinds Loom in Months Ahead; Growth in Eurozone Picked up in Second Quarter
The forecast for U.S. economic growth, initially expected to be 0.5 percent at the beginning of 2023, is now expected to grow by 2 percent. While the U.S. economy has surpassed expectations, the Federal Reserve has raised rates significantly over the last year, signaling tremendous headwinds as those rates take effect. In Europe, growth in the Eurozone expanded by 0.3 percent compared to the previous quarter, marking the most substantial growth since the second quarter of 2022, according to IPC’s August 2023 Economic Outlook report.
Electronics Industry Supply Chains Look Healthy; Inventories Expand
Though cost pressures continue to impact the electronics industry, product demand and inventories remain positive, leading to a healthy supply chain per IPC’s August 2023 Global Sentiment of the Electronics Supply Chain Report.
North American EMS Industry Up 3.4 Percent in July
IPC announced today the July 2023 findings from its North American Electronics Manufacturing Services (EMS) Statistical Program. The book-to-bill ratio stands at 1.27.
North American PCB Industry Sales Up 23 Percent in July
IPC announced today the July 2023 findings from its North American Printed Circuit Board (PCB) Statistical Program. The book-to-bill ratio stands at 1.01.
IPC Welcomes U.S. House Veteran Rich Cappetto as Senior Director of North American Government Relations
IPC welcomes Richard Cappetto, a 14-year veteran of the U.S. House of Representatives, as its new senior director for North American government relations.