Reversion to the Mean in June- PMPA Business Trends.
2019 has been a very strong year for Sales. PMPA’s June Business Trends Sales index 11 point “reversion to the mean” could be considered a substantial drop, but we believe the data suggests otherwise- the Sales Sentiment indicator recovery in June suggests that this is just a ‘moment’ and not a trend.
Yes it is an 11 point or 7.8% drop. That arrives at exactly the 5 year average for June 2014-2018. 129
This entry was posted on Wednesday, July 24th, 2019 at 8:12 am and is filed under 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.
Welcome to our blog, Speaking of Precision. As Director of Technology and Industry Research for PMPA, I bring 38 years of hands-on experience in areas of manufacturing, quality and steelmaking. I help answer "HOW?","WITH WHAT?" and "REALLY?"