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North American EMS industry down 0.6% in November

Total North American EMS shipments in November 2022 were down 0.6% compared to the same month last year. Compared to the preceding month, October shipments decreased 8.8%, reports the IPC.

EMS bookings in October decreased 9.1% year-over-year and decreased 6.6% from the previous month. The book-to-bill ratio stands at 1.38.

“The industry recorded a decline in orders for the second consecutive month, but shipments were also subdued, keeping the book-to-bill elevated. Shipments are roughly 15% below what we would expect given recent order volume, likely a sign of continued supply chain challenges,” said Shawn DuBravac, IPC’s chief economist.

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February 01 2023 11:01 pm V20.12.5-1
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