PMPA Business Trends December 2019
“It was a better year than you think. Balanced expectations going into 2020.”
Despite the drop in shipments in the last two months of the year, calendar year 2019 finished at 133, one point off last year’s calendar year final, and up nearly 10 points or 7.8 percent over the average of the last five years 2014-2018. December came in at 110, up 3.4 points and 3.2 percent over the five- year average for the month of December. The 3-month moving average of this sales index is clearly moving away from the 12-month moving average- welcome to Q4 seasonality. Despite the low shipments in Q4, we ended the year essentially even with last year.