ITR Economic Report – May 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. 




PMPA Business Trends May 2019


“Sales Index Increases in May 2019- Sixth Highest Value Ever!”


With 80 companies responding, the PMPA Business Trends Index for May 2019 came in at 140, up 3 points (2.2%) from April 2019’s value of 137. This is our Index’s highest value recorded for May, making it our 6th highest month ever recorded. At 140, the May index is up 14 points or 11.1% over the 5-year average of 126 for the May Sales Index. Our year to date average is 140, up 6 points or 4.5% over 2018’s year-end average of 134. We are at 101% of where we were a year ago in May. Up 3% year to date.