ITR Economic Report – November 2018



The Institute for Trend Research (ITR) quarterly reports focus on major areas of economic growth and decline in key market segments for the Precision Machined Products Industry. They are provided to PMPA members as part of the association’s overall business intelligence program and are used as a management tool to help PMPA members plan for what lies ahead and which markets they should focus on in a complex manufacturing environment. 




PMPA Business Trends November 2018


“2018-On Track to a Strong Finish”


With 80 companies responding, the PMPA Business Trends Index for November 2018 declined 11 points to 130,
which was an all-time high for the month of November! Shops reporting sales declines outnumbered those reporting
gains by a ratio of 4:1 not at all unexpected considering the seasonality of shipments this time of year. The Business Trends
Sales Index remains on track to close the year up 8% over 2017. Outlook- despite the seasonality, respondents’ sentiment for Sales in the next three months increased in November, while Lead Times remained steady.

The five-year average for November is 114.6, making this November reading 13% higher than the five-year average for
November sales. Our year to date average is 135, up 10 points or 8.0% over 2017’s year-end average of 125. How does your
shop’s sales compare?



Published November 2018

By PMPA Staff

In 1911, Lovejoy Chaplet Corp. opened for business in the small town of Hoosick Falls, New York. The company was originally a manufacturer of foundry works parts, mostly tin shelled chaplets and hinge tubes, and had a bank of Browne and Sharpe screw machines that ran off power shafts from the ceiling of the plant floor.