This graph is pretty clear.
PMPA’s Index of Sales of Precision Machined Products in February 2011 was 110, staying even with the adjusted value for January 2011. (January had been reported at 111.) February’s index of 110 remains at its highest level in the thirty-two months since June 2008. Additional data in the February report indicated the industry is recovering nicely, and outlook is positive. The February 2011 sales level was equal to the February 2008 level prior to the Economic Recession.
This strong showing of industry sales is a clear signal that we need to adjust from our recessionary mode ”hunker down” management style to a recovery mode ”aggressively manage risk” methodology if we are to take full advantage of the markets today.
More than ever before, the keys to our company’s success are in our hands, not market externalitites.
PMPA members can read the full report at this link.
Accredited Press please contact PMPA for a copy of the report.