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PMPA Business Trends January 2023

 Our shops have had two extraordinarily strong years of sales and production. Our January sales performance  was unexpectedly high- up 13 percent over December  and 12 percent over the five-year average for January. Our indicator outperformed both Industrial Production and New Orders for Manufactured Durable Goods. Sentiment indicators were positive for Lead times, Employment and Profitability.  Our positive sentiment indicators combined with record sales in January suggest optimism going into February 2023.

If you are not currently participating in PMPA’s Monthly Business Trends reporting, you are missing an excellent peer benchmark and a tool to provide you with confidence for your business decisions. Contact Veronica Durden to sign up.