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Thursday April 30, 2020

The PMPA’s  March Business Trends Report showed an unexpectedly positive first quarter in 2020.

Sales in March fell only four points or three percent from February 2020, down 12% from March 2019, and down 7% from the five year average for March (2015-2019).

Who’d have guessed?

Even more surprising, the three month average for the first quarter,   which can be used to estimate the calendar year-end of year average, came in at 134, even with 2018, and one point higher than 2019.

Sentiment indicators for the next three months promise challenges in all areas for the next three months, but the strength of the first-quarter results suggest that we have what it takes to recover.

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