According to the June 2011 Precision Metalforming Association (PMA) Business Conditions Report, metalforming companies anticipate steady business conditions during the next three months. Conducted monthly, the report is an economic indicator for manufacturing, sampling 145 metalforming companies in the United States and Canada.
The June report shows that 25% of participants forecast an improvement in economic activity during the next three months (up from 23% in May), 50% predict that activity will remain unchanged (compared to 55% last month) and 25% report that activity will decline (up from 22% in May).
Metalforming companies also expect little change in incoming orders during the next three months, with 30% predicting an increase in orders (up from 26% in May), 44% anticipating no change (compared to 47% last month) and 26% predicting a decrease in orders (down from 27% in May).
Read the full Business Conditions Report results.