ITR Economic Report – November 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 November 2019


Business Trends Sales Index -Still Positive for the Year

“No denying seasonal effects on shipments of our products.”


Tis the Season- but not for shipping components! With 80 companies responding, the PMPA Business Trends Index for November came in at 123, down 12 points (8.8%) from October, and down 7 points (5.4%) from November of 2018. The Index average for the year is 135, up 1 point or 0.7% from last year’s 134. Despite the low value, November’s index is up 6 points or 5.1% from the five-year average for November. The 3-month moving average of this sales index is clearly moving away from the 12-month moving average- welcome to Q4 seasonality. Bottom line- not as bad as it could be- essentially even with last year



November 2019

Craftsman’s Cribsheet #82

The 2019 OSHA violations list was presented at the NSC 2019 Safety Conference and Expo. It covered a citation period between Oct. 1, 2018 and Aug. 15, 2019. Of interest is that the Top Ten list of most frequent citations is evenly split between General Industry (1910) and Construction (1926). Here are the five most frequent violations applicable to our General Industry precision machining shops, as presented at the NSC 2019 conference.