PMPA Business Trends September 2019
“We find it interesting that September 2019 came in even with September 2018- despite the UAW strike against GM (Automotive is our
largest market served) and continued production weakness at Boeing.”
With 80 companies responding, the PMPA Business Trends Index for September came in at 132, identical to last September, and up 9 points or 7.3 percent above the 5-year average for September. The index is 101% of last year year-to-date. September’s index is up 3 points or 2.3 percent of this year’s low in June. The 3-month moving average of this sales index has levelled as it continues below the 12-month moving average- indicating that the pace of growth in our industry has slowed. We’ll take slowing growth that is 7.3 percent above the prior five years’ average sales for September! Our year to date average is now 136, up 2 points or 1.5 percent over 2018’s year-end average of 134