Precision Machining Industry Sales Up 6.8% in 2017

Our December PMPA Business Trends Report for December 2017 finished at 125 for the year, up 6.8% over last year’s 117.

It has been a great year for our precision machining shops, and “Busy” is the watchword.

Our industry sales increased over twice the US GDP growth reported by BEA for 2017!

Our sentiment indicators for the year ahead were positive as well.

PMPA members can read the full report here

By the way, we predicted in May that our year end sales level would be 126.25- an error of just 1.25% from the actual value of 125!

Press representatives desiring a copy of the report please contact mkirchenbauer@pmpa.org to get a copy of the full report or to arrange an interview.

We are confident that 2018 will be a similarly strong year for our industry- starting in 1st quarter where our indicators are all strongly positive.-Net Sales, Lead Times, Employment and Profitability.

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This entry was posted on Thursday, January 25th, 2018 at 1:15 pm and is filed under Career, Front Office. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to Precision Machining Industry Sales Up 6.8% in 2017

January ISM PMI Growth in Manufacturing Moderates as it Continues | Speaking of Precision Blog says:

February 1, 2018 at 12:40 pm

[…] PMPA’s own Business Trends Report for December 2017 and year end summary reported that our companies’ sales were up 6.8% over calendar year 2016’s levels. This January ISM PMI report continues the positive outlook for manufacturing. PMPA Year End Summary Blog Post […]

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