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December 30, 2021        Vol XXV   Issue #51    |   News   |   Events |   Weekly Archives   |   M&E Exchange

PMPA Business Trends Report
November, 2021

PMPA’s November Business Trends Report Sales Index came in unexpectedly high at 144, the fifth highest value for the year. November is typically a low month for sales. No shops reported scheduling less than forty hours, and the average hours of first shift scheduled was up half an hour at 44.5.

Our sentiment indicators and comparison of three to12 month moving average all indicated a strong three months ahead- with concerns about profitability, from difficulty getting supplies and inflation. We predicted a strong year back in April, and this month’s report suggests that we will exceed our expectations.

Business Trends Report – November 2021


Manufacturing Positivity

Durable Goods (New orders)

  • The Census Bureau reports that New Orders Durable Goods rose 2.5% to a record $268.3 billion in November, with 0.8% growth excluding transportation equipment. Nonetheless, core capital goods orders—a proxy for capital spending in the U.S. economy—edged down 0.1% for the month. The longer-term trends remained very positive, with new durable goods orders jumping 14.7% year-over-year and nondefense capital goods excluding aircraft sales just shy of an all-time high.
    Link:    (select the entry Advance Report Durable Goods)

  • The U.S. economy grew  2.3% at the annual rate in the third quarter according to Bureau of Economic Analysis (BEA). Manufacturing value-added output increased to $2.571 trillion, an all-time high, with record levels for both durable and nondurable goods. Manufacturing accounted for 11.1% of real GDP in the third quarter.

  • According to Chad Moutray at NAM, Real GDP should rebound in the fourth quarter, with 6.5% growth expected. For 2021, the forecast is for 5.6% growth. For 2022, the current estimate is for 4.1% growth.
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All PMPA Speaking of Precision Podcasts


“Final Cut for the Week” Part II

Thanks to Mike Mulligan of Laurel Steel/NUCOR for reaching out to say he was the one that submitted the chosen title for PMPA’s new weekly video series.

Final Cut for the Week will debut in January 2022 and will consist of a one to two minute video posted on LinkedIn on Fridays. The video will highlight PMPA Staff sharing quick information about what happened that week/crossed their desk in the precision machining industry. 

Watch for the first video next week!


5 – 4 – 3 – 2 – 1…

Before you shout Happy New Year and sing Auld Lang Syne, there is still time to make a tax-deductible donation to the PMPA Educational Foundation. Please don’t miss this opportunity to make a positive impact on the Safe, Smart, Sustainable, and Stable future workforce of the precision machining industry.
Donate online, via PayPal, or by mail today:

Join us in New Orleans, February 10-13 to reconnect, learn from and share knowledge with your peers and industry leaders.  Don’t miss out on what promises to be another valuable and worthwhile PMPA meeting!


Upcoming Events
(Affinity Partners)

  • Jan 18 – 1PM (CT) – OSHA Top Ten Webinar
    Each year, OSHA releases a summary of their list of Top Ten workplace safety violations. This webinar will take a look at OSHA’s most recent Top Ten violations. More importantly, however, we will focus on risk management policies, procedures, and training resources to implement and help reduce employee accidents and injuries!
    Hosted by Federated Insurance.  REGISTER TODAY!
  • Feb 15 – 2PM (EST) – APPI Energy 101 
    APPI Energy reviews the services they provide, from electricity and natural gas procurement to their full suite of energy efficiency and sustainability solutions. 
    Hosted by APPI Energy.  REGISTER TODAY!

End of the Year Freebies


PMPA has a few books still available from 2021 Annual Meeting speaker Meridith E. Powell on Succession Planning:
  • Who Comes Next: Leadership Succession Planning Made Easy 
Contact Joe Jackson – 440-526-0300, and we’ll ship it to you – no charge!

PMPA Staff
Cate, Miles, Renee, Carli, Veronica, Joe, Matt

PMPA office will be closed Friday, Dec 31



APPI Energy     Federated Insurance      Grainger      Mirabel     
 Paperless Parts     PartnerShip       Verifyle

Editor:  Renee Merker – Director, Communications and Events

Copyright © Precision Machined Products Association, All rights reserved.
6880 West Snowville Rd., Suite 200
Brecksville, OH  44141
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