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PMPA Business Trends July 2019

Thursday August 29, 2019

If slowing growth today means Sales 12% above the prior five years’ average sales for July, we’ll take it.”

With 80 companies reporting, the PMPA Business Trends Index for July 2019 recovered up 3 points or 2.3 percent to 132. While this 132 value is the second lowest value for the year, some context is in order. There were only 4 times where the index was higher than 132 prior to 2018. 132 is a 12.4 percent increase above the Average of July for the past five years, and 104 percent of July 2018 sales.

We acknowledge that - the 3-month moving average of this sales index has dipped below the 12-month moving average- indicating that the pace of growth in our industry has slowed.

If slowing growth today means 12% above the prior five years average sales for July, we will gladly take it!”

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