The precision machining industry is generating strong sales and positive prospects going into calendar year 2014.
PMPA’s January Business Trends Report’s Index of Sales bounced back up to 126 from December 2013’s high for any December of 100.
January 2014 ‘s 126 was just 2 points shy of January 2013’s 128.
Precision Machining Businesses had a great month in January.
Outlook for sales remains positive with 87% of respondents expecting the level of sales to remain the same or increase over the next three months.
Profitability is expected to remain the same or improve by 93% of respondents.
Fifty-eight percent (58%) of shops scheduled overtime- 36% scheduled 45 hours or more.
Get the full report here.
Note: This report was our inaugural issue of the Business Trends Reporting using our newly updated secure, online reporting system. Effective with this move to the new system, we have established the year 2010 as our index base.
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January 2014 has been an exceptional month for the precision machining industry, characterized by robust sales and a promising outlook for the year ahead. The PMPA’s January Business Trends Report reveals that the Index of Sales surged to 126, a notable increase from December 2013’s 100 and only 2 points shy of January 2013’s 128. This strong performance underscores the vibrant activity within the sector, with 87% of respondents anticipating stable or increased sales over the next three months and 93% expecting profitability to either maintain or improve. Furthermore, 58% of shops scheduled overtime, with 36% of them planning 45 hours or more, highlighting the high demand and busy nature of the industry.
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