PMPA Business Trends December 2020

 

Despite the consequences of various lockdowns and consequences of government orders regarding the COVID-19 pandemic beginning in March of 2020, the precision machining industry has fared much better than expected, finishing the year down just 4% from the five-year average and down 10.5% from 2019.

Our numbers have outperformed the Fed IP and Manufacturing indicators throughout the recovery. The numbers show that our precision machining shops are in fact “Essential Manufacturing!” Strong positive outlook for the months ahead.

 

PMPA BUSINESS TRENDS DECEMBER 2020