Metalforming companies forecast a downward trend

Source: Precision Metalforming Association

Jul 05, 2012

According to the June 2012 Precision Metalforming Association (PMA) Business Conditions Report, metalforming companies expect a significant decline in business conditions during the next three months. Conducted monthly, the report is an economic indicator for manufacturing, sampling 114 metalforming companies in the United States and Canada.

The June report shows that only 11% of participants anticipate economic activity will improve during the next three months (down from 24% in May), 57% predict that activity will remain unchanged (compared to 60% last month) and 32% report that activity will decline (up substantially from 16% in May).

Metalforming companies also forecast a downward trend in incoming orders during the next three months, with only 15% anticipating an increase in orders (compared to 34% in May), 52% expecting no change (up from 46% in May) and 33% predicting a decrease in orders (up from 20% last month).

View the full report

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