Released June 29, 2020.
Miles Free is joined by special guest Scott Wiltsie of Vanamatic Company to discuss his experiences at Vanamatic under the current COVID-19 challenges.
Month: June 2020
Released June 29, 2020.
Miles Free is joined by special guest Scott Wiltsie of Vanamatic Company to discuss his experiences at Vanamatic under the current COVID-19 challenges.
Released June 26, 2020.
Join us as Miles Free answers a variety of questions! You never know what will be asked or what the answer may be!
Please send any questions or topics for Miles Free to answer to gro.apmp@rellimc and we will answer your questions on an upcoming episode of the Speaking of Precision: Mailbag Edition
The Small Business Administration (SBA) just released important new rules regarding forgiveness of Paycheck Protection Program (PPP) loans. The June 22 Revisions to Loan Forgiveness Interim Final Rule and SBA Loan Review Procedures Interim Final Rule offer additional clarification on the rules governing forgiveness of PPP loans, while providing borrowers with additional flexibility. What do employers need to know about these developments?
Chuck Farlow from North Coast Seal
Attendees will get introduced to rubber callouts (which are often identified on prints for parts that they need to assemble) within the ASTM classification and basic material properties from North Coast Seals Sales Engineer, Chuck Farlow.
Released June 22, 2020.
Miles Free & Carli Kistler-Miller discuss all the priorities of an OSHA Inspection including revised inspection practices and OSHA’s new balanced enforcement approach.
Released June 15, 2020.
Miles Free & Carli Kistler-Miller discuss the brand new OSHA guidance on everything related to cloth face coverings!
“Precision Machining Industry Sales Recover to 112 up 33% Over April 2020 Low”
With 77 companies responding, the PMPA Business Trends Index for June increased by 33% to 112 from the year’s low in April of 84. It came in up 30.2% above May’s 86 value. This 112 value is down 19.6 points from the 5 year average for June of 131.6, a decline of 14.9%. For perspective, the lowest value for the BT index during the Great Recession was 64, in May of 2009. June’s 112 value is up 75% from that Low point in our history.
Below are links to various forms provided by the SBA.
Loan Forgiveness Calculation Form 3508
Published June 2020
By Carli Kistler-Miller
With the Covid-19 pandemic, communication has never been more critical and new communication channels influence change.
“Manufacturing output rose 3.8 percent in May, but it was still 16.9 percent below its pre-pandemic level in February. The index for durable manufacturing increased 5.8 percent in May; the most sizable gain among its components was for motor vehicles and parts, where output rose substantially but also remained more than 60 percent below its February level.”
Most sophisticated manufactured goods rely on precision machined parts in order to reliably function. This is great news.
“Total industrial production increased 1.4 percent in May, as many factories resumed at least partial operations following suspensions related to COVID-19. Even so, total industrial production in May was 15.4 percent below its pre-pandemic level in February. Manufacturing output—which fell sharply in March and April—rose 3.8 percent in May; most major industries posted increases, with the largest gain registered by motor vehicles and parts.”
In Real Estate, they say the most important thing is “Location, Location, Location.”
In Economics, I’d like to tell you that it is “Direction, Direction, Direction.”
And while 1.4% increase in industrial production may not seem like a lot (Better than most CD’s are paying, come to think of it) the direction is, as they say
“…a turn for the better.”
Markets showing strength
The major market groups posted broad-based gains in their production indexes in May, but each remained well below its pre-pandemic level.
Industry Groups
Manufacturing output rose 3.8 percent in May, but it was still 16.9 percent below its pre-pandemic level in February.
Now the levels are not back to prior Pandemic readings. But we have certainly flattened the curve Virus wise!
“Direction, Direction, Direction.” This is why we remain positive.
FED Reserve IP May 2020
What spike? AIER