Author: vdurden

REPORT – PMPA Business Trends February 2024

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PMPA Business Trends February 2024

In February, PMPA’s Business Trends Sales Index achieved it’s third consecutive increase. Our shops outpaced the Federal Reserve’s Industrial Production indicator, and sentiment indicators for Net Sales, Lead Times, Employment and Profitability remained positive. Our data continues to make a positive case for the next three months for our shops. Listen to the data!

 
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 New England Chapter Suppliers Expo 2024

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Thursday, May 30, 2024
1pm – 4pm Eastern
Courtyard Boston Marlborough
75 Felton Street
Marlborough, MA 01752

Join us for networking and problem-solving at the PMPA New England Chapter Suppliers Expo 2024. Take this opportunity to learn about new solutions from PMPA Technical members as they showcase their products and services that can help your shop be more productive and profitable.

This is a great opportunity for your team to meet with these technical experts one-on-one!

 

Cost | $10 per person

Registration Includes | Food and Exhibits

Deadline to register is Tuesday, May 21, 2024

REGISTER TODAY

If you are interested in exhibiting, please click the link below

EXHIBITOR REGISTRATION

PMPA Illinois Chapter: M&M Quality Grinding Tour

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PMPA Illinois Chapter:

M&M Quality Grinding Tour

Thursday, May 16, 2024 (5:30pm – 7:30pm US/Central)
M&M Quality Grinding
7335A Santa Fe Drive
Hodgkins, IL 60525

Speaker Biography: Andy Nugent, M&M Quality Grinding

Join us at  M&M Quality Grinding for a tour and presentation by M&M Quality Grinding’s Andy Nugent. In addition to learning more about M&M Quality Grinding, Andy will share advantages of premium stock in Swiss operations.

Cost: Free to Attend | Registration Required

Registration Deadline is Tuesday, May 14, 2024

REGISTER HERE

PMPA Western Michigan President’s Roundtable

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Thursday, May 16, 2024
5:30pm – 7:30pm Eastern

New Holland Brewery
417 Bridge St., NW
Grand Rapids, MI 49504

 

Join us for a special evening with PMPA President Steven Sorenson, Sorenson Engineering and PMPA Executive Director Cate Smith. PMPA President Sorenson will share insights gleaned from his recent members tours, as well as his company’s humble beginnings, growth, and how the support of PMPA plays a vital role in his family business. Learn about the latest news from PMPA and what is coming this year locally and nationally from the association.

Schedule
5:30 p.m.- Networking
6:00 p.m.- Dinner
6:30 p.m. Presentations

Cost: $45 per person

Deadline to Register is Friday, May 10, 2024

REGISTER HERE

PMPA Southeast Michigan President’s Roundtable

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The Vistatech Center at Schoolcraft College
Tuesday, May 14, 2024
5:00pm – 7:30pm Eastern

Join us for a special evening with PMPA President Steven Sorenson, Sorenson Engineering and PMPA Executive Director Cate Smith. PMPA President Sorenson will share insights gleaned from his recent members tours, as well as his company’s humble beginnings, growth, and how the support of PMPA plays a vital role in his family business. Learn about the latest news from PMPA and what is coming this year locally and nationally from the association.

 

Schedule
5:00 p.m.- Networking
6:00 p.m.- Dinner
6:30 p.m. Presentations

Cost: $45 per person

Deadline to Register is Friday, May 10, 2024

REGISTER HERE

 

REPORT – PMPA Business Trends January 2024

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PMPA Business Trends January 2024

Our January 2024 data shows a strongly positive start for our precision machining shops. Our December 2023 Business Trends Report surprised to the upside. In January 2024- the positivity continues with sales higher than the Fed’s industrial production report, and forward-looking sentiment remaining elevated and level. All other forward-looking indicators-  Lead Times, Employment, and Profitability moved upward into positive territory as well. PMPA’s data is very positive for the next three months for our shops. Listen to the data!

 
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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REPORT – PMPA Business Trends December 2023 Year End Review and Summary

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PMPA Business Trends December 2023 Year End Review and Summary

 

The PMPA Business Trends Sales Index surprised to the upside at 144 for December, with a six point or 4.4% gain over November’s 138. That 144  is up 15 points or 11.6% over the 5-year average for December Sales. Our Sales index  was down just 3.7 percent from our April forecast. Positive sentiment indicators for both Sales and Lead Times make a very strong case for business positivity for the first quarter of 2024.

 
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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REPORT – PMPA Business Trends November 2023

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PMPA Business Trends November 2023

 

The PMPA Business Trends Sales Index declined modestly to 138- a 3 point or 2.1 percent decline- from the October value of 141. We believe that our leveling thesis is still valid. Our YTD average of 146 has held for the second consecutive month. This month’s 141 is the third highest level of sales recorded for November by our reporting. It is 4.2 points or 3.1 percent above the five-year average (133.8) for November. Our sentiment indicators remained level, except for Profitability for the next three months which improved by 9 percent over the prior month. A special postscript takes a look at an impressive trend in Labor utilization for our precision machining shops.

 
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.

VIEW/DOWNLOAD

 

REPORT – PMPA 2024 Holiday Time Off

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PMPA 2024 Holiday Time Off Report

 

The 2024 Holiday Time-Off surveys have been compiled and calculated, and the 2024 Holiday Time-Off Reports are attached. Our thanks to the 79 member companies who completed and returned a survey.  Please remember that the results of the survey indicate which 2024 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 2023 Holiday Time-Off Reports will be available for reference throughout the year on the Reports page of the PMPA website.

 

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REPORT – PMPA Business Trends October 2023

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PMPA Business Trends October 2023

 

The PMPA Business Trends Sales Index remained steady as she goes at 141 for the second consecutive month in October, confirming the leveling trend we suggested was coming. This month’s 141 is the fourth highest level of sales recorded for October by our reporting. The data show leveling and a measured impact resulting from the uncertainty that our shop management is facing with geopolitics, price inflation, gridlock in Washington D.C., difficulty finding skilled workforce, and the UAW strike. The data tells us to remain calm. We are level percent month over month. We are on track for our third best year ever for Sales dollars!

 
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.

VIEW/DOWNLOAD