PMPA Business Trends August 2022

The PMPA Business Trends Index increased from 154 in July to 173 in August, a gain of 19 points and 12.3 percent. This is our index’s third highest monthly value ever. For the year, our index is up 22 points over 2021 calendar year average, an increase of 15.6 percent. While sentiment indicators suggest softening in the months ahead, our sales index has not dropped below the calendar year average (141) of 2021 in any month of 2022. So, such softening is not unexpected. The combination of all factors discussed in this report makes a persuasive case for an adjustment back toward more typical levels of sales and production in the next three months. The three- and twelve-month moving averages of sales continue to trend upwards on a parallel track.

 
If you are not currently participating in PMPA’s Monthly Business Trends reporting, you are missing an excellent peer benchmark and a tool to provide you with confidence for your business decisions. Contact Veronica Durden to sign up.

 

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PMPA Suppliers Expo

Thursday, November 3, 2022 | 12pm EST
DoubleTree by Hilton
42 Century Drive
Bristol, CT 06010

 

You are invited to participate and exhibit in the 2022 PMPA Suppliers Exp on Thursday, November 3, 2022.

Don’t miss this unique opportunity to meet with many of the top contract manufacturers and captive shops. Previous Suppliers Nights have drawn well over 125 attendees from across Connecticut and surrounding states. We invite both PMPA member and non-member screw machine/CNC shops and other similarly situated metalworking companies located in a 150-mile radius of Bristol, CT.

Schedule:
10:00 a.m. – 12:00 p.m. – Exhibit Set Up
12:00 – 5:00 p.m. – Exhibit Hours

Cost:
Early Bird (Register by October 7, 2022)- $400.00
After October 7, 2022 -$450.00

 

EXHIBITORS REGISTER HERE

ATTEENDEE REGISTRATION HERE

PMPA Forecast Report August 2022

 PMPA/ITR Economics Forecast Report August 2022  

 

Many of our shops have been scheduling over ten percent overtime all year, so a softening in the economy and in our customer’s markets just might sound like a bit of welcome relief.  ITR Economics has examined the data, and despite the uncertainties that clutter all of our news feeds, and thinking, has developed some positive and well-considered counsel for us to consider. The widespread uncertainty is neither our destiny nor a predictor of things to come.

Read the August ITR Economics report and get comfortable with your shop’s short terms by confirming the indicators that really do count.

 

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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.