“With 79 companies responding, the PMPA Business Trends Index for June 2017 increased 5 points or 3.8% from
May’s 130 to 135. This is the strongest level of shipments that we have seen in June, prior highs for June were 128 in 2015
and 2016. We continue to be optimistic for a strong performance for the industry for the balance of the year.”
The FED’s Industrial Production (IP) Index rose 0.4 percent in June for its fifth consecutive monthly increase.
Manufacturing output rose at an annual rate of 1.4 percent, a slightly slower increase than in the first quarter.
At 105.2 percent of its 2012 average, total industrial production in June was 2.0 percent above its year-earlier level.
The strength of our PMPA Business Trends Sales Index compared to that of the FED IP Indicator suggests that Industrial Production will continue to rise as companies use the products that we have shipped in excess of the IP demand in June.
We remain positive for industry prospects, and note that our Sales Index is up almost 10% over last year’s full year average.
PMPA members can find the PMPA Business Trends Report HERE.
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Tag: PMPA June 2017 Business Trends Report Strongly Positive
