Seasonality explains our drop in Sales this November, as it does every year.
The November 2015 PMPA Business Trends Report Sales Index came in at 108, down 11 points from October, and virtually at the 12 month moving average of 108.8. The indicators that declined, Sales Index, Hours of First Shift Scheduled, and sentiment for Employment are explained, we feel, by seasonal, rather than market weakness. The factors that improved, and in some cases improved markedly, include sentiments for Sales, Lead Times and Profitability for the next three months. With 44% of shops scheduling First Shift Overtime, the argument that the market is weak is not convincing.
Seasonality explains our drop in Sales at this time, as it does every year.