August ISM PMI – Manufacturing and Economic Recovery- 4th Straight Month
The August ISM PMI report indicates the 4th consecutive month of manufacturing expansion and economic recovery!
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July ISM PMI 54.2 up 1.6 Over June Second Month in a Row in Positive Territory
“The July PMI® registered 54.2 percent, up 1.6 percentage points from the June reading of 52.6 percent. This figure indicates expansion in the overall economy for the third month in a row after a contraction in April, which ended a period of 131 consecutive months of growth. “- Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute…
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September ISM PMI Declines- GDP Growth Likely 1.7%
We believe that the perceived bad news of the decrease to 47.8 percent of the ISM PMI is far worse than the actual reality which is that the economy (real US GDP) is continuing to grow.
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Reversion to the Mean in June- PMPA Business Trends.
2019 has been a very strong year for Sales. PMPA’s June Business Trends Sales index 11 point “reversion to the mean” could be considered a substantial drop, but we believe the data suggests otherwise- the Sales Sentiment indicator recovery in June suggests that this is just a ‘moment’ and not a trend. Get more details…
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Reversion to the Mean in June- PMPA Business Trends.
2019 has been a very strong year for Sales. PMPA’s June Business Trends Sales index 11 point “reversion to the mean” could be considered a substantial drop, but we believe the data suggests otherwise- the Sales Sentiment indicator recovery in June suggests that this is just a ‘moment’ and not a trend. Get more details…
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ISM PMI – The Beat Goes On!
Despite the sense of inevitable doom from all of the pundits, the June ISM PMI data came in at 51.7 (A reading above 50 indicates that the manufacturing economy is generally expanding.) The June report shows the New Orders unchanged, with Production and Employment growing. Timothy R. Fiore, Chair of the Institute for Supply…
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Optimism for 2019- Our Business Trends Sets Another Sales Record!
Our performance and sentiment indicators this month justify our continued optimism about the markets and employment prospects for our precision machining industry in 2019.
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Employment Population Ratio- Good News
For the first time sine February 2009 the Employment- Population Ratio exceeds 60%.
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Manufacturing Improving- February PMI Rises to 53.2 From January's 51.3
Manufacturing Sector continues to grow and strengthen in February according to ISM PMI index, confirming PMPA’s own January Business Trends Outlook.
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January 2014 – Great For Precision Machining Businesses
The precision machining industry is generating strong sales and positive prospects going into calendar year 2014. PMPA’s January 2014 Business Trends Report shows that 58% of our shops were scheduling overtime, and 36% of our shops were scheduling 45 hours or more in January.