Industry Shipments Up 6.6% Year Over Year

How are you doing compared to your peers?

With 80 companies responding, the PMPA Business Trends Index in June recovered to 128, which had been the Index’s

previous high until the March 2015 record of 138. This strong showing (from 80 respondent shops) is up 8 points from last June and is right on track with our April forecast for 2015 to be 6.7% over last year.

128 was our highest value historically until March 2015...

128 was our highest value historically until March 2015…

 By the way, we are out performing the Fed’s IP indicator as well.

Our index is up 6.6% over the average for 2014. According to the FED:

Industrial production increased 0.3 percent in June but fell at an annual rate of 1.4 percent for the second quarter of 2015.

In June, manufacturing output was unchanged: The output of motor vehicles and parts fell 3.7 percent, but production

elsewhere in manufacturing rose 0.3 percent… at 105.7 percent of its 2007 average, total industrial production in June was

1.5 percent above its year-earlier level.”

Our industry’s sales and shipments continue to outperform the Fed IP numbers.

We personally believe that it is the wide cross section of industries served and customer zero inventory policies that keeps our numbers higher in the

aggregate than the Fed’s IP.

Our four sentiment indicators for Sales, Lead time, Employment and Profitability remained level from May.

Get the full report.

 

 

 

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