PMPA Business Trends September 2021
Industry Sales Index Hit New Record High- We Are Meeting Demand!
Our piece of the supply chain is performing strongly!
In September 2021, the PMPA Business Trends Index came in at 157, now the index’s highest month of Sales. This 157 value for September 2021 is up 30 points from the five year average (2016-2020) for September of 127, an increase of 23.6 percent. This month’s new record of 157 is up 73 points or 86.9 percent from the April 2020 low of 84 during the Covid-19 pandemic. Seventy-one percent of respondent shops scheduled overtime in September. Our performance and sentiment indicators this month justify our continued optimism about the markets and employment prospects for our precision machining industry going forward in 2021. We are also noting that the high and leveling values for our sentiment indicators could be suggesting a “top.”