North American EMS industry Up 14.9% in October
Total North American EMS shipments in October 2022 were up 14.9% compared to the same month last year. Compared to the preceding month, October shipments decreased by 2%.
EMS bookings in October increased 7.8% year-over-year and decreased 1.5% from the previous month. The book-to-bill ratio stands at 1.29.
“EMS orders and shipments remained above trend in October, despite a small reversal relative to last month,” said Shawn DuBravac, IPC’s chief economist, in a press release. “Supply chain constraints have eased but shipment growth remains slightly constrained as some ongoing supply chain issues persist.”