Following the pattern of last year, in which we finished up X% year over year, our March 2019 Business trends reports logs a new record of 147, up 14 points or 10.5% over February 2019’s 133. it is up 8.8% over the five year sales index average for March.
This is a new high for our index.
In March of 2018, we posted “…the PMPA Business Trends Index for March 2018 increased 14 points or 10.8% over February to 143, the highest value for the Business Trends Index EVER!” At 143, the index is up 11.2 points or 8 percent above that for the five year average for March Sales index.”
Why this matters:
Our performance and sentiment indicators this month justify our continued optimism about the markets and employment prospects for our precision machining industry in 2019. This auspicious start to 2019 builds a foundation for continued growth and prosperity for our shops in the year ahead.
Oh almost forgot: “Prospects for employment are positive with ninety-four percent (94%) expecting level or
increased opportunities for employment.”