PMPA Business Trends June 2019

“Sales Index Declines to Five-Year Average in June 2019!”

With 78 companies responding, the PMPA Business Trends Index for June 2019 declined 11 points or (7.8%) to 129. This 129 value happens to be the actual Average for June for the immediate five years prior, from 2014-2018. Obviously much can be made of such a substantial decline, but when one considers that we have been having such outsized performance the prior five months of the year, reverting to the mean doesn’t seem at all that bad. Our year to date average is 138, up 4 points or 3% over 2018’s year-end average of 134. June 2019 is at 93% of June 2018 Sales. We are up 1% year to date.