PMPA Business Trends October 2021
Industry Sales Index Remains Unseasonably High- We Are Meeting Demand!
“PMPA’s Latest Business Trends Report for October reflects both a current and ongoing positive reality for our precision machining shops, and the Industrial Production Market we serve. Our performance and sentiment indicators this month justify our continued optimism about the markets and employment prospects for our precision machining industry going forward. They are remarkably high going into this first month of this final Fourth Quarter.”
Despite expected seasonal slowdowns, PMPA’s October Business Trends Report posted its third highest value ever at 149. Sentiment indicators remained level or softened slightly, but maintained high positive values for the next three months. While hours of work scheduled reduced slightly, 63 percent of responding shops scheduled overtime in October.