The PMPA Business Trends Summary Report for 2013 shines an optimistic light on first quarter 2014 for our precision machining shops and for manufacturing in general.
The 3 month sentiment indicators for Sales Outlook, Lead Times, Employment and Profitability were all strongly positive according to our 92 respondents.
That will translate into a strong first quarter according to our experience.
And how was last month and last year for the precision machining industry?
- Our sales index for calendar year 2013 finished at 120, a new high
- December 2013, finished above 100, first December ever above 100.
- December 2013 was up 17% over December 2012.
- And the variability of sales for 2013 all year was lowest we’ve calculated, with a standard deviation of just 7.23, compared to 2012’s 11.44 and 2008’s 13.8.
Our full report looks at some key markets’ prospects in the year ahead- Automotive Light Vehicle, Aerospace, Housing, Medical Devices and how they can impact our business in 2014.