PMPA’s Business Trends Index for June 2013 is 119, identical to the value for June 2012 and down 8 points month to month from May, mirroring last year’s 6 point drop from May to June.
The monthly average for the index for June 2012 year to date was 122.2; for year to date June 2013 it is 123.3.
We are surprised at how closely the industry’s shipments in 2013 are mirroring 2012. And of course, we are concerned at the apparent lack of substantial growth.
Markets for precision machined products include automotive, aerospace, medical fluid power, off highway, appliances and many others
Not really cause for concern, because: June’s 119 is 5 points above last year’s average.
So we are not sounding any alarms here. Just wondering if all the new business development folks have gone fishing…
Get the full report here.