Seasonality explains our drop in Sales this November, as it does every year. The November 2015 PMPA Business Trends Report Sales Index came in at 108, down 11 points from October, and virtually at the 12 month moving average of 108.8. The indicators that declined, Sales Index, Hours of First Shift Scheduled, and sentiment for Employment…
The PMPA Business Trends Report for March 2014 hit 129, a new high for the indicator of precision machining industry shipments in US and Canada. 67 companies provided data on shipments as well as first shift hours scheduled and sentiment for three months going forward for sales, profitability, lead times and employment. “The March 2014…
Manufacturing Sector continues to grow and strengthen in February according to ISM PMI index, confirming PMPA’s own January Business Trends Outlook.
PMPA’s Business Trends Index of Shipments fell to 100 in September, a non-seasonal move that shows our industry shipments gain for the year slipping to just 102% year to date
PMPA’s Business Trends Sales Index shows a strong continued demand for the products of the precision machining industry. Despite the declines reported for May 2012 in both the ISM Purchasing Managers Index for Manufacturing and Industrial Production (IP), PMPA’s Business Trends Sales Index is once again back at its peak of 127.
“The PMI registered 53.4 percent, an increase of 1 percentage point from February’s reading of 52.4 percent, indicating expansion in the manufacturing sector for the 32nd consecutive month. The Production Index increased 3 percentage points from February’s reading of 55.3 percent to 58.3 percent, and the Employment Index increased 2.9 percentage points to 56.1 percent. Of the 18 industries included in the survey, 15 are experiencing overall growth.” The PMPA Business Trends Report confirms the ISM findings regarding the continuing growth / expansion of manufacturing. Like the ISM Manufacturing PMI Report, and our Fabricated Metal market sector, the precision machining industry is maintaining a growing sales base, positive trends, and increased employment.
Recovery is ongoing in precision machining and manufacturing.
Index of Sales of Precision Machined Products is up strongly in January 2011 despite the Federal Reserve Board’s report of an 0.1% decline in Industrial Production.
The PMPA Business Trends Report showed shipments of precision machined products in August were surprisingly strong, tied with June for high of the year.
The Great REcession ended in June 2009. PMPA’s Sales Index saw it coming in March 2009.