Level Precision Machining Industry Sales Beat Fed Industrial Production Numbers for February 2016
With 81 companies responding, the PMPA Business Trends Index in February 2016 remained level at 117.
The glass half full interpretation of this is that we did not get the traditional February decline from January.
The glass half empty interpretation is that February 2016 is down five points or four percent from February 2015. Year to date our index is just 95% of that of same period 2015.
The good news is that our index’s remaining level beats the Industrial Production DECREASE reported by the FED for February of 0.5 %.
What are you seeing for sales in your shop?