(Corrected) The PMPA Business Trends Index for June 2014 declined 8 points to 120. This is the same pattern that we reported in May-June 2013.
We are not alarmed at this drop because the value of 120 for June 2014 is 3 points above the average for calendar year 2013 (117) and 5 points above the 115 value for June 2013.
- The number of respondents for June is 83- back to our pre-online system migration levels.
- Our industry continues to show solid sales in 2014.
- Sentiment for all indicators turned positive in this month’s reporting.
We are especially pleased to see the expectations for Lead times swing from last month’s negative 10% to +10%- a 20 point increase for June 2014.
Note about participation: The number of respondents for June is 83- back to our pre-online system migration levels.
(CORRECTION: our first release of this report showed hours of first shift scheduled declining by 0.1 hour. we have corrected this report to reflect an 0.4 hour increase. the low initial report was due to a user data error.)