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PMPA Business Trends May 2022

PMPA’s May Business Trends Report showed the precision machined products industry’s Sales up 38 points or 29 percent from May 2021. Sales were up 7 percent from the prior month, achieving a new second highest value ever at 167. Three of four sentiment indicators were positive, with only Lead Times softening slightly- its first decline since December 2021. The PMPA shops participating in our Business Trends reporting are substantially outperforming the broader Industrial Production sector.

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