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.
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