PMPA Business Trends December 2021
The PMPA December 2021 Business Trends Sales Index came in at 138, the highest December value ever, and unseasonably high. That 138 was 10 points (or 7.8 percent) higher than December 2020’s value, and 22.5 percent higher than the five- year average for the index for the month of December.
While December sales were down 6 points (or 4.1 percent) from November’s levels, they still contributed to a strong finish, resulting in the Calendar year average sales to be 141. This 141 exceeded our April 2021 prediction of 137 for the year. A surprisingly positive reading considering the events of the year- ongoing uncertainty due to Covid-19, tariffs, and supply chain difficulties.
If you are not currently participating in PMPA’s Monthly Business Trends reporting, you are missing a great peer benchmark and a tool to provide you with confidence for your business decisions. Contact Veronica Durden to sign up.
Released December 20, 2021.
PMPA’s Miles Free & Carli Kistler-Miller had a great time recording the second season of Speaking of Precision. Maybe too much? You be the judge! Happy Holidays and Happy New Year! Season 3 starts January 3rd with our 100th episode special. Tune in to find out who joins us!
PMPA 2022 Holiday Time Off Report
The 2022 Holiday Time-Off surveys have been compiled and calculated, and the 2022 Holiday Time-Off Reports are attached. Our thanks to the 82 member companies who completed and returned a survey. Please remember that the results of the survey indicate which 2022 holidays those companies plan to offer their employees off with pay. It does not indicate which, if any, holidays they may offer off, without pay.
The 2022 Holiday Time-Off Reports will be available for reference throughout the year on the Reports page of the PMPA website.
Released December 13, 2021.
Miles Free & Carli Kistler-Miller discuss the hot button question that is dominating news these days….. Supply chain issues! We dive into why the precision machined products industry is working overtime and outperforming the rest of the industry to deliver the parts they need.
PMPA’s Winter Online Town Hall
2021 Connecticut Manufacturing Innovation Fund
$100 million fund facilitating technology innovation, accelerating growth through supplier networks and cultivating talent development to promote the competitiveness of Connecticut’s manufacturing industry. Creating a vibrant ecosystem through key partners in industry, academia, not for profit, labor, state, regional and federal governments.
December 1, 2021
As we all know, much has happened in the two years since we have gathered together for a
Management Update Conference…and a lot has changed. Through it all, the precision
machining industry has been a constant force – we have dealt with many challenges, but we
have weathered the storm, adapted and thrived.
As we push to move positively forward into 2022, the Update Committee is focused on
preparing a conference to help you and your organization address management needs,
including the number one issue facing all of our shops – employee and workforce development.
Topics will dive deep into the how-to’s for attracting, finding, recruiting, and hiring new
employees, as well as retaining and managing the ones you have. Randy Beck from Ernst &
Young speaks on recruiting and hiring in today’s world, Jeff Kortes talks about how to KEEP
them. Hear from your peers as they share their finding, recruiting and hiring successes; USA
Olympic Rugby coach Mike Friday offers his strategies on how to meld diverse personalities and
to focus on one main goal; John Miller talks about the “question behind the question” and the
importance of personal accountability; and, of course, we’ll get an economic update from ITR
Economics economist, Lauren Saidel-Baker and latest HR updates from Melanie Webber, Fisher
Visit the conference website for all the details: www.pmpa.org/update
Join us in the colorful and vibrant city of New Orleans, February 10-13, to re-connect and
network in-person with your industry peers, learn from the speakers and each other, and bring
home new ideas to strengthen your workforce base and build on your organization’s success in
2022 and beyond.
JoAnn Vlach Kyle Detterbeck
Efficient Machine Products Corp. Lester Detterbeck Enterprises Ltd.
Released December 6, 2021.
Miles Free & Carli Kistler-Miller explore what the meaning of satisfaction is as it relates to our customers and how it affects our precision machining shops.
Craftsman’s Cribsheet #102
These are the economic Indicators that I use in my weekly Manufacturing Positivity posts as well as correlate to our PMPA Business Trends Sales indicator. The three resources with an asterisk after the name – Industrial Production, Durable Goods and Total Vehicles Assembled – have the closest correlation to our Index. I do not follow many of the employment indicators as they are after the fact, not leading or contemporaneous.