ITR Economic Report – February 2019

 

 

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. 

 

 

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PMPA Business Trends February 2019

 

“February 2019 Another Sales Record- Positive 3 Months Ahead”

 

With 81 companies responding, the PMPA Business Trends Index for February 2019 came in at 134, up 5 points over February 2018’s 129, down 8 points from January 2019’s 142. The February 2019 value is up 10% over the five-year average for the February BT Sales index! This 134 is a new record for February sales index, just as January’s 142 value was last month. Precision Machining is off to a GREAT start in 2019!

 

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Published February 2019

By PMPA Staff

For more than 50 years, PFI Precision Machining has evolved and changed to remain a steady supplier of high quality, cost-effective, close-tolerance component parts and mechanical assemblies to a number of different industries, including automotive, food processing equipment, off-highway machinery and aerospace.

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