According to the November 2011 Precision Metalforming Association (PMA, http://pma.org) Business Conditions Report, metalforming companies predict a continued decline in business conditions during the next three months. Conducted monthly, the report is an economic indicator for manufacturing, sampling 132 metalforming companies in the United States and Canada.
The November report shows that only 11% of participants expect economic activity to improve during the next three months (down from 20% in October), 61% predict that activity will remain unchanged (compared to 56% last month) and 28% report that activity will decline (up from 24% in October).
Metalforming companies also expect a slight decrease in incoming orders during the next three months, with only 21% anticipating an increase in orders (down from 26% in October), 49% forecasting no change (compared to 45% last month) and 30% predicting a decrease in orders (up slightly from 29% in October).
Average daily shipping levels decreased in November. Twenty-seven percent of participants report that shipping levels are above levels of three months ago (down from 38% in October), 47% report that shipping levels are the same as three months ago (compared to 44% last month), and 26% report a decrease in shipping levels (compared to 18% in October).