The July 2009 PMPA Business Trends Report remained level at 69 in July. We were pleased to see that this index did not further erode in July.
This is a departure from both the seasonal trend of low sales in July and a departure from the declines in sales all this year (only 1 month out of 7, March 2009, showed an uptick).
Here are three reasons we believe that the Precision Machining Industry’s recovery has begun.
- Sales have leveled off and did not decline further in July.
- Exactly half of all PMPA Business Trends Participants reported increases in sales for July. Almost one third reported double digit sales increases.
- Average length of first shift indicator climbed by 1.2 hours in July, first such increase all year. (The length of first shift has declined each month since January 2009 until July)
The shops reporting included those serving markets in Medical, Automotive, Aerospace, Heavy Machinery, as well as Trucks, Construction Equipment, Food Service, and Military.
Are we out of the dark tunnel yet? No.
But the PMPA’s Monthly Business Trends Report data tells us that about half of us are seeing some light at the end of the tunnel.
PMPA members can see the PMPA Business Trends Report here.
Photo courtesy Blueridgecollargirl her August 8 2008 post gives perspective and is worth a read.