The PMPA Business Trends Index for May 2014 increased 5 points over both April 2014 and May 2013. Our industry continues to show solid sales in 2014.
The May 2014 PMPA Business Trends Report shows strong levels of sales and increase in hours scheduled. Forward looking sentiments for Lead Times, Profitability, and Employment do not show the same level of strength.
Weakening Lead Time sentiment in particular is an issue to keep in mind.
While we show positive levels of hours worked, shipments, overtime and profitability, each of these indicators has softened to a less bullish level than in the first quarter.
Our indicators suggest perhaps moderation in demand for our products in the months ahead.