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With 82 companies responding, the PMPA Business Trends Index for July 2017 plummeted dramatically from June’s near record 135 to the lowest reading all year of 112. The sky is not falling however, as the July 112 value is down just 3 points from July’s five-year average of 115- and up 4 points from July 2016.

Sky is not falling- July’s 112 value is down just 3 points from July’s 5 year average of 115. And up 4 points from last July’s report!

Sentiment was level for Employment and strongly positive for Net Sales, Lead Time, and Profitability for the next three months. Despite the slope of the line on our graph, we remain optimistic for precision machining.

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