Metalforming companies anticipate slight dip in business conditions

Source: PlantServices.com

By Plant Services Staff

Aug 25, 2011

According to the August 2011 Precision Metalforming Association (PMA) Business Conditions Report, metalforming companies anticipate a slight dip in business conditions during the next three months. The August report shows that 24% of participants forecast a decline in economic activity during the next three months (up from 17% in July), 47% predict that activity will remain unchanged (compared to 55% last month) and 29% report that activity will improve (up from 28% in July).

Metalforming companies also expect a slight decrease in incoming orders during the next three months, with 27% predicting a decline in orders (up from 19% in July), 38% anticipating no change (compared to 48% last month) and 35% predicting an increase in orders (up from 33% in July).

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