ITR Economics Report for PMPA – February 2021
Transition to Recovery Phase – Optimism in the Numbers
Optimism is the watchword as our precision machining industry transitions from recession to recovery in the business cycle. As the economy recovers, a return of inflation in the equipment and materials sectors can be expected. Don’t overweight the rare pessimistic indictors that you may encounter – there is plenty of evidence for business optimism in the indicators in this report. As your capacity fills, make sure that it is filling with the right mix for your profitability.
Read the full February 2021 report below, as prepared especially for PMPA by ITR Economics.
The Institute for Trend Research (ITR) quarterly reports focus on major areas of economic growth and decline in key market segments for the Precision Machined Products Industry. They are provided to PMPA members as part of the association’s overall business intelligence program and are used as a management tool to help PMPA members plan for what lies ahead and which markets they should focus on in a complex manufacturing environment.