Precision machining Industry Outperforms Fed Industrial production and Fed Factory Output in 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….