According to the October 2011 Precision Metalforming Association (PMA) Business Conditions Report, metalforming companies predict a slight dip in business conditions during the next three months.
The October report shows that 20% of participants expect economic activity to improve during the next three months (down from 24% in September), 56% predict that activity will remain unchanged (compared to 54% last month) and 24% report that activity will decline (up from 22% in September).
Metalforming companies also expect a decline in incoming orders during the next three months, with 29% predicting a decrease in orders (up from 20% in September), 45% anticipating no change (compared to 47% last month) and only 26% predicting an increase in orders (down from 33% in September).
However, average daily shipping levels continued to trend upward in October. Thirty-eight percent of participants report that shipping levels are above levels of three months ago (up from 33% in September), 44% report that shipping levels are the same as three months ago (compared to 40% last month), and 18% report a decrease in shipping levels (compared to 27% in September).