The PMPA Business Trends Summary Report for 2013 shines an optimistic light on first quarter 2014 for our precision machining shops and for manufacturing in general.
The 3 month sentiment indicators for Sales Outlook, Lead Times, Employment and Profitability were all strongly positive according to our 92 respondents.
That will translate into a strong first quarter according to our experience.
And how was last month and last year for the precision machining industry?
Our sales index for calendar year 2013 finished at 120, a new high
December 2013, finished above 100, first December ever above 100.
December 2013 was up 17% over December 2012.
And the variability of sales for 2013 all year was lowest we’ve calculated, with a standard deviation of just 7.23, compared to 2012’s 11.44 and 2008’s 13.8.
Our full report looks at some key markets’ prospects in the year ahead- Automotive Light Vehicle, Aerospace, Housing, Medical Devices and how they can impact our business in 2014. Read the full report here. Photo
Industrial Production (IP) increased 0.6 percent in July after having risen 0.1 percent in both May and June.
In July, manufacturing output increased 0.5 percent and was 5.0 percent above its year-earlier level. The factory operating rate moved up 0.2 percentage point in July to 77.8 percent, a level 1.0 percentage point below its long-run average.
Capacity utilization for total industry moved up 0.4 percentage point to 79.3 percent, a rate 1.0 percentage point below its long-run (1972–2011) average.
Revisions to the rates of change for recent months left the level of the IP index in June little changed from its previous estimate. Manufacturing output rose 0.5 percent in July, the same rate of increase as was recorded for June.
At 98.0 percent of its 2007 average, total industrial production in July was 4.4 percent above its year-earlier level.
The production index for durable goods increased 0.8 percent in July.
Gains of more than 1 percent were recorded in
Computer and electronic products,
Motor vehicles and parts,
Aerospace and miscellaneous transportation equipment,
Manufacturing is up 5 % from July 2011 to July 2012.
Manufacturing continues to be a strength of the U.S. Economy. The U.S. manufactures more than Brazil, Russia, India, and China combined. If U.S. Manufacturing was a country, it would be the sixth largest in the world.