PMPA Business Trends July 2022

Sales reported by PMPA Business Trends Participants decreased by 12 percent, to our sixth highest level of sales ever at 154. Three of our four sentiment indicators pivoted markedly positive, Sales, Profitability, and Lead Times pointing to positivity in the next three months, Outlook for employment remains level at 94 percent. The data continue to show a strong year ahead for our shops sales, despite the challenges we face.

 
If you are not currently participating in PMPA’s Monthly Business Trends reporting, you are missing an excellent peer benchmark and a tool to provide you with confidence for your business decisions. Contact Veronica Durden to sign up.

View/Download

PMPA Business Trends June 2022

The PMPA Business Trends Index increased from 167 in May, to 175 in June-  increasing eight points or 4.8 percent, our index’s second highest value ever. It is up 27 points or 18 percent from June a year ago. PMPA’s Business Trends June sales increase dramatically outpaced the broader manufacturing sector’s two-month decline. Our Sales Index’s continued strong performance is likely a reflection of higher transaction prices across the value chain. Achieving our second highest level of sales- ever- was totally unexpected in June, indicating the urgency for critical components as global supply chains fail to maintain promised deliveries. This makes our ability to deliver parts “business saving” to our OEM customers.

All of our sentiment indicators pivoted in a negative direction, which is not unexpected as we are at record and sustained levels of sales and overtime.

The data continue to show a strong year for our shops’ sales, despite the challenges that we face in the overall economy.  The combination of all factors discussed in this report makes a strong case that demand and sales of our products are at or near a peak.

 
If you are not currently participating in PMPA’s Monthly Business Trends reporting, you are missing an excellent peer benchmark and a tool to provide you with confidence for your business decisions. Contact Veronica Durden to sign up.

View/Download

PMPA Business Trends May 2022

PMPA’s May Business Trends Report showed the precision machined products industry’s Sales up 38 points or 29 percent from May 2021. Sales were up 7 percent from the prior month, achieving a new second highest value ever at 167. Three of four sentiment indicators were positive, with only Lead Times softening slightly- its first decline since December 2021. The PMPA shops participating in our Business Trends reporting are substantially outperforming the broader Industrial Production sector.

 
If you are not currently participating in PMPA’s Monthly Business Trends reporting, you are missing a great peer benchmark and a tool to provide you with confidence for your business decisions. Contact Veronica Durden to sign up.

View/Download