Precision Machining Industry Out-Performed Industrial Production and Factory Output July 2014
The Precision Machining Industry continues to show solid sales in 2014. The PMPA Business Trends Index for July 2014 rose 3 points over last month (~2.5%) from 120 to 123. Up 8 points over July 2013. According to the Fed, Industrial Production (IP) for July was up 0.4% and Factory Output was up 1%. Our index out-performed these Fed Benchmarks….