PMPA Business Trends September 2021

 

Industry Sales Index Hit New Record High- We Are Meeting Demand!

Our piece of the supply chain is performing strongly!

 

In September 2021, the PMPA Business Trends Index came in at 157, now the index’s highest month of Sales. This 157 value for September 2021 is up 30 points from the five year average (2016-2020) for September of 127, an increase of 23.6 percent.  This month’s new record of 157 is up 73 points or 86.9 percent from the April 2020 low of 84 during the Covid-19 pandemic. Seventy-one percent of respondent shops scheduled overtime in September. 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. We are also noting that the high and leveling values for our sentiment indicators could be suggesting a “top.”

 

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PMPA Welcomes New Executive Officers

 

At the recent PMPA Board of Directors meeting held on Thursday, October 7, 2021, prior to PMPA’s 88th Annual Meeting at the Charleston Place Hotel in Charleston, South Carolina, the following Officers were elected to serve on the Board:

Aneesa MuthanaPioneer Service, Inc., Addison, IL, was formally elected President of the PMPA for 2021-2022.

PMPA 1st Vice President – John Habe, IV, Metal Seal Precision Ltd., Mentor, OH

PMPA 2nd Vice President – Steve Sorenson, Sorenson Engineering, Yucaipa, CA

Treasurer – Rich Hoster, Smith & Richardson Inc., Geneva, IL 

And during their meeting at the Charleston Place Hotel on October 7th, the Technical Members elected Courtney OrtnerAbsolute Machine Tools, Lorain, OH, to serve as Chairman, Kevin Coffman, Champion Screw Machine Engineering, Inc., Wixom, MI to serve as 1st Vice Chair, and Kyle Detterbeck, Lester Detterbeck Enterprises, Ltd. to serve as 2nd Vice Chair, representing the Technical Members on the Board of Directors.

The following individuals were officially nominated by the Nominating Committee and have been elected by a vote of the membership (Manufacturing voting members) to serve on the Board last month:

Director District IV:  Bill Berrien, Pindel Global Precision, New Berlin, WI

Director District V:  Samuel Prost, Weber Manufacturing & Supplies, Inc., North Venice, FL

At-Large Director: Adria Bagshaw, W.H. Bagshaw Co. Inc., Nashua, NH

At-Large Director: Mike Preston, Micron Manufacturing Company, Grand Rapids, MI

 

Congratulations to all our new officers, and a big thank you to outgoing PMPA President Tom Halladay. 

 

                                                   

Outgoing President Tom Halladay and Incoming President Aneesa Muthana