February 2004 book-to-bill.

The North American IMS/PCB Industry Book-to-Bill Ratio for February 2004 remained firm at 1.08. The ratio is calculated by averaging the index numbers for orders booked over the past three months and dividing by the average index numbers for sales billed during the same period. A ratio of more than 1.00 suggests that current demand is ahead of supply, which indicates probable near-term growth.

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Industry sales billed (shipments) in February 2004 increased 27.5% from February 2003, and orders booked increased 42.3% from February 2003.

Compared to 2003, shipments of PCBs are up 27.9% year-to-date, while bookings of PCBs are up 30.9% year-to-date.

February 2004 Book-to-Bill

Feb.   1.03
'03

Mar.   1.04
'03

Apr.   0.97
'03

May    1.00
'03

June   1.02
'03

July   1.04
'03

Aug.   1.14
'03

Sept.  1.15
'03

Oct.   1.18
'03

Nov.   1.13
'03

Dec.   1.11
'03

Jan.   1.08
'04

Feb.   1.08
'04

Note: Table made from bar graph.