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PMPA Business Trends October 2020

Tuesday December 01, 2020

Precision Machining Industry Steady as She Goes in October.

Sales came in at just above the five year average for the month of October, and out performed the Fed’s Industrial Production (IP) and Manufacturing Output indexes.

Three of our four sentiment indicators remained positive and steady, with Employment Prospects dropping just 2 percent from 88 percent in September to 86 percent in October. Seventy-nine shops participated. Hours of work scheduled increased by one hour in October.