PMPA Business Trends May 2020
“Precision Machining Industry Sales Level at 2/3 (66%) of 5-Year Average for May”
With 83 companies responding, the PMPA Business Trends Index for May increased slightly from 84 to 86. An increase of 2 points or 2.4 percent over April’s 84. This 86 value is down 42 points from the 5 year average for May of 128.4, a decline of 32.7%. Perspective, the lowest value for the BT index during the Great Recession was 64, in May of 2009. That 64 value is one-half the current 5-year average for May. At 86, May of 2020 is two- thirds (66.98%) of the 5- year average for the month of May.