Our industry sales continue to recover. For our industry, this data shows that recovery is underway. Thirty-four percent (34%) of participating shops reported double digit sales increases in October. The outlook for sales in the short term has stabilized. There are strong and positive indicators of sales recovery in the Precision Machining Industry.
For the Precision Machining Industry, a strong case can be made that our sales are recovering. Fifty-two percent (52%) of our particpants reported double digit sales increases in September.
The outlook for sales in the short term has stabilized, with only 19% of respondents expecting a decline in sales overthe next three months.
3 reasons we believe that the Precision Machining Industry’s recovery has begun:
1) Sales have leveled off and did not decline further.
2) Half of all participants reported increases in sales for July. One third reported double digit sales increases.
3) Average length of first shift indicator climbed by 1.2 hours in July.