For the Precision Machining Industry, a strong case can be made that our sales are recovering.
PMPA’s Index of Sales of Precision Machined Products rose to 82, just one point below January’s high of 83.
This is an 11 percent rise in the sales index compared to August, and documents the 95 reporting companies in aggregate are showing a 26% recovery in sales compared to the 2009 year low of 65 in May, 2009.
Fifty-two percent (52%) of our particpants reported double digit sales increases in September.
The outlook for sales in the short term has stabilized, with only 19% of respondents expecting a decline in sales overthe next three months.
For almost a year, Tom Brady sat on the sidelines, working on his recovery. In the sixth week of this new season, he set an NFL record for touchdown passes in one quarter. What a comeback!
The Precision Machining Industry is still on the field despite being hamstrung last fall by the economic meltdown. Our performance continues to be 100% on time and zero ppm. We just need more time on the field. Comeback in progress!
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