Latest News

PMPA Business Trends November 2020

Tuesday January 05, 2021

With 75 companies responding, the PMPA Business Trends Index for November came in at 125 - this is two points (1.6%) over November 2019’s 123 value.  It is down 6 points (4.5%) from October 2020. While the rate of growth slowed, it remains positive. The index is five points above the November 5-year average of 120.2.  

All sentiment indicators were positive, with Employment and Profitability outlook notably improved. Our shops’ 1.6 percent increase from October to November compares favorably to the Fed’s 0.4 percent increase in industrial production and its 0.8 percent manufacturing output gain for the same period. Our precision machining shops- and our talented performers- continue to play a positive and essential role in the economic recovery.