Worldwide PV equipment booking remained essentially flat in the third quarter of 2012 when compared to the previous quarter, according to the latest data from global industry association SEMI.
The $234 million in bookings is 56% below the third quarter of 2011, the group adds. Worldwide billings declined to $609 million – down 13% from the previous quarter and 60% below the same quarter one year ago.
Although the book-to-bill ratio remained below parity for the sixth consecutive quarter, the ratio did improve to 0.38 given the flat bookings and the decline in billings, SEMI notes.
The worldwide PV equipment billings and bookings data is gathered jointly with the German Engineering Federation from approximately 50 global equipment companies that provide primary data on a quarterly basis.