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PMPA Business Trends November 2023


The PMPA Business Trends Sales Index declined modestly to 138- a 3 point or 2.1 percent decline- from the October value of 141. We believe that our leveling thesis is still valid. Our YTD average of 146 has held for the second consecutive month. This month’s 141 is the third highest level of sales recorded for November by our reporting. It is 4.2 points or 3.1 percent above the five-year average (133.8) for November. Our sentiment indicators remained level, except for Profitability for the next three months which improved by 9 percent over the prior month. A special postscript takes a look at an impressive trend in Labor utilization for our precision machining shops.

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