PMPA Business Trends October 2019

 

Business Trends Sales Index Remains Positive Year to Date

 

Upbeat! With 82 companies responding, the PMPA Business Trends Index for October came in at 135, up 3 points or 2.7 percent above September. The index is 100% of last year year-to-date. October’s index is up 6 points or 4.7 percent of this year’s low in June, and up 7.4 points or 5.8% over the five-year average for October. The 3-month moving average of this sales index at 133.7 is climbing towards the 12-month moving average- indicating a return to growth of Sales in our industry. Our year to date average remains at 136, up 2 points or 1.5 percent over 2018’s year-end average of 134.

 

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October 2019

Craftsman’s Cribsheet #81

The need frequently arises in our shops to estimate the weight of steel, whether as a part of quoting, to estimate how much steel may be needed given a certain length of part, or just to decide how heavy the bar is that we are loading into the machines for safety purposes. Counting bars in a bundle and multiplying by weight per bar allows a quick “reality check” on whether or not the tag weight is correct, or how much weight is left in the rack.

 

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