PMPA Business Trends February 2021
Our performance and sentiment indicators this month justify our optimism about the markets and employment prospects for our precision machining industry in 2021. The six- month trend of steady sales in our index shows that we are most likely being constrained by lack of supply and workers. We are performing strongly even as relevant FED indicators declined in February.
Demand can only accelerate as our broader economy opens up and consumers spend their new-found savings. Pay attention to the numbers, and not the pessimists. The numbers reflect both a current positive reality for our precision machining shops and anticipate an even stronger three months ahead.