September and 3rd Quarter 2018- Unseasonably Strong for Precision Machining
Unseasonably high sales once again begs the question- Have we adjusted our thinking to the changed level of business activity and opportunity today?
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OSHA Inspections 2018 YTD Precision Machining Industry
OSHA is still fulfilling its mission promoting worker and workplace safety. Safety, Amputations, and Planned Inspections led the OSHA inspections for NAICS 332721 so far this year.
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Quality Quote
No spec, no quality. Know spec, know quality. Contract review and a process to deliver the specification requirements is the “magic formula” to deliver quality.
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August Precision Machining Sales Reclaims Record!
PMPA Business Trends Sales retake all time high in August, Over half of respondents reported double digit sales increases. Our market has shifted, Have we?
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August ISM PMI- Highest Reading Since January 2004
The ISM PMI report for manufacturing show that Manufacturing and the broad economy showed remarkable strength in August 2018. Prospects remain positive for sales and employment in manufacturing.
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Performer Day- Its About Performance, Not Labor
I compile the annual wage survey for the precision machining industry, and my sample is a nice slice of industry shops. We don’t have any labor jobs in our shop hourly wage survey. None. Nada. Zip! On the other hand, the jobs that we do have are all jobs requiring high levels of process ownership…
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Why Precision Machining Matters- Lothar Horn
The existential joy of our craft clearly explained in a single quote.
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New REACH Status for Lead- PMPA Members Know How to Respond
PMPA members can access the Guidance document covering their obligations resulting from Lead being added to the Candidate list for Substances of Very High Concern under REACH.
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Precision Machining Sales Take a Breather – at a Record Level- in July
The 2018 July index of 128 is 14.3% higher than July 2017’s 112 value. Our year to date average is 135, up 10 points or 8.0% over 2017’s year-end average of 125. We are at 107% year to date. BUT- Our Sales Index actually declined 10 points or about 7%.
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Steel Tariffs- HIGHER PRICES!
Prices for Hot Roll Steel Band in the US U.S. are $465 higher than in China (compared to $471 in the last report two weeks ago), and $358 higher than in the EU (compared to $372 in the last report). Steel in the US is 76% more expensive than in China. Steel in the US is…