PMPA Business Trends August 2021

 

PMPA’s August Business Trends Sales Index remains elevated at its second highest level ever!

In August 2021, the PMPA Business Trends Index came in at 149, now the index’s second highest month of Sales. This 149 value for August 2021 is up 20 points or 15.5 percent  from the five year average (2016-2020) for August of 129.

Overtime, measured by Hours of first shift scheduled  remained high while dropping just 0.1 of an hour from 44.4 to 44.3 in August. Sixty-six percent of responding shops scheduled first shifts greater than 45 hours in August.  Industrial Production (IP) as reported by the FED is up and above pre-pandemic levels.  PMPA shops are reporting second highest levels of sales ever. Congruence. Our shops’ output remains elevated, and we are clearly key to helping the broader industrial production sector catch up with demand.

Our performance and sentiment indicators this month justify our continued optimism about the markets and employment prospects for our precision machining industry going forward in 2021. This report reflects both a current and ongoing positive reality for our precision machining shops, and the Industrial Production markets we serve. Our industry continues to do yeoman work to meet the challenges that we continue to face regarding supply, workforce recruitment, and inflation.

Is this the Top? Are these the good ol’ days?

 

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PMPA New Affinity Partner – Verifyle

 

PMPA continues to seek out partner companies which will bring complementary service at a good value to your work.

 

Digital security is a fast-growing issue in our industry, of concern to all of us. When it comes to your company’s sensitive information, standard internet security simply isn’t good enough anymore.

 

Please allow me to introduce to you our latest affinity partner: Verifyle. You may have had the opportunity to meet Dana Shibley, Vice-President of Verifyle, at our PMTS booth last month.

 

Verifyle offers an ultra-secure way to store and share documents and messages with others, and it’s extremely easy to use. Each conversation, document and note is encrypted separately. Everything in your account is encrypted at all times, accessible only to you and those with whom you wish to share.

 

Give it a try! As a PMPA member you can get a Verifyle Pro account free for one year by signing up at www.verifyle.com/pmpa with your name and email address. Verifyle Pro offers many features, including unlimited digital signatures, PDF editing, and many additional security features to help keep your data out of the wrong hands.

 

Verifyle is led by the co-founder and inventor of Hotmail (Jack Smith), which spread to more than 500 million users and was many people’s first experience with email and the internet. Jack also had key roles with two other successful digital security companies.

 PMPA/ITR Economics Forecast Report August 2021 

 

“Return to normal” is providing us all with a masterclass in “be careful what we wish for.” Demand for our products has returned, US GDP in the second quarter came in above pre-pandemic levels, and markets that we serve- Capital Goods in particular- are hitting new records.

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