PMPA Business Trends March 2023
Our shops have had two extraordinarily strong years of sales and production. March sales return to that trend. Our Business Trends Sales Index- at 169 for the month of March- was unexpectedly high. It was the fifth highest level of sales we have ever seen for our Business Trends Sales Index. And it was up 13.7 percent over the five year average for March. Our first quarter sales is accordingly high, just under 4 percent lower than the 2022 full year calendar year average. The demand for the precision machined components produced in our shops remains high. Sentiment for lead time for next three months tells us that backlog is solid. Precision Machined products manufacturing is thriving.
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.