Precision Machining Shops in High Gear in June 2018
Despite the tariff issue, precision machining shops continue to thrive with our Sales Index continuing for the second month at the second highest level ever.
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United States Department of Commerce Section 232 Exclusion Requests Tracking
In case you were wondering how well the US Department of Commerce is taking care of the exclusion requests by American Metalworking companies, here’s some data. Requests for exclusions for both steel and aluminum have less than a half of a percent chance of being approved- 0.35% for steel and 0.47% for aluminum. Where…
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United States Department of Commerce Section 232 Exclusion Requests Tracking
In case you were wondering how well the US Department of Commerce is taking care of the exclusion requests by American Metalworking companies, here’s some data. Requests for exclusions for both steel and aluminum have less than a half of a percent chance of being approved- 0.35% for steel and 0.47% for aluminum. Where…
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Beryllium Standard Final Rule- Do You Machine Beryllium?
The 2017 final rule established new permissible exposure limits. It also included provisions to protect employees from exposure to Beryllium, such as requirements for exposure assessment, methods for controlling exposure, respiratory protection, personal protective clothing and equipment, housekeeping, medical surveillance, hazard communication, recordkeeping Do you machine Beryllium in your shop? Have you evaluated your compliance to…
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JUNE 2018 ISM PMI- Manufacturing Thrives Despite Tariffs and Trucking Challenges
Despite the uncertainty of the US Section 232 Tariffs on Steel and Aluminum, demonstrably higher steel prices, full employment, and trucking difficulties, US manufacturing is having a strong year, as evidenced by the June ISM PMI. ““The June PMI® registered 60.2 percent, an increase of 1.5 percentage points from the May reading of 58.7 percent… The Supplier…
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PMPA Business Trends Index for MAY 2018- Second Highest Value EVER!
PMPA Business Trends Sales Index for May climbed to its second highest value ever as forward looking indicators for Sales, Lead Time, Employment and Profitability softened but remained positive. Our year to date average is 136, up 11 points or 8.8% over 2017’s year-end average of 125. We are at 106% of where we were a…
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ISM PMI May 2018 at 58.7- Manufacturing Remains Solid
This ISM report is our signal that we need to start having price increase discussions with our customers. The tariffs are here, and our inputs are all increasingly difficult to obtain and expensive.
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April ISM PMI 57.3- Solid Report
Despite a drop of two points from 59.3 to 57.3, the April Institute for Supply Management Purchasing Managers Index (ISM-PMI) indicated continued solid, but slowing growth in the manufacturing sector. Of the 18 Manufacturing Industries, 17 reported growth in April. Demand remains robust, but the nation’s employment and supply chains continue to struggle- April 2018…
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In Like A Lion- March Business Trends Index Sets New Record
The PMPA Business Trends Index for March 2018 increased 14 points or 10.8% over
February to 143, the highest value for the Business Trends Index EVER! -
January Sales Record for Precision Machining
The PMPA Business Trends Index for January 2018 jumped to 135, up 25% over December 2017, and up 5% over January 2017. This is up 8.9% over the five year average for January Sales, and is our highest January on record. Change your thinking to thrive to this new market. Cheap inputs that cost your…