PMPA’s December 2016 Business Trends Review and Summary showed our Industry shipments declined about 3.3% year over year. The index fell to 117 (Just 0.6 below the trailing five year average!) but down from 2015’s 121.
That was last year. What does 2017 look like for our precision machining shops?
According to PMPA’s Business Trends Report: Net Sales outlook for precision machined products exploded in this month’s survey with fifty-four percent of respondents expecting sales to increase in the first three months of 2017, and thirty-eight percent expect sales to remain level. Ninety-two percent of our shop respondents expect sales to remain level or increase in the next three months. All other sentiment indicators were positive as well: Lead Time, Employment, and Profitability.
PMPA members get the Business Trends Report monthly to help them calibrate to sales, hours scheduled, and outlook for Sales, Lead Time, Employment and Profitability of their peers.
What indicators do you use to make sense of the market each month?