The three month outlook for sales, lead time, employment and profitability are all quite positive as our industry passes the fourteenth month above the May 2009 low. Our July 2010 Business Trends Report provides hard data that the precision machining industry is maintaining “A New Normal.”
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.
The economy is now recovering. The precision machining industry is recovering according to several indicators of sales as an industry, sales growth per company,and hours scheduled across all markets served.