PMPA Business Trends July 2021
The PMPA Business Trends July 2021 Sales Index dropped from June’s record high, but remained 12.8% above the five-year average for July, at 134. Performance and sentiment indicators this month justify our continued optimism about the markets and employment prospects for our precision machining shops in 2021. Year to date we remain at the 137 Sales Index average that we predicted for the full year. And our 12.8% overperformance for July, usually a low month, supports our confidence. Our shops are solidly on track. The numbers reflect the current and ongoing positive reality for our precision machining shops, while recognizing the challenges that we continue to successfully meet regarding supply, workforce recruitment, and inflation.