According to the July 2012 Precision Metalforming Association (PMA) Business Conditions Report, metalforming companies expect a slight uptick in business conditions during the next three months.
The July report shows that 19% of participants anticipate economic activity will improve during the next three months (up from 11% in June), 45% predict that activity will remain unchanged (down from 57% last month) and 36% report that activity will decline (compared to 32% in June).
Metalforming companies also forecast a slight increase in incoming orders during the next three months, with 26% anticipating an increase in orders (compared to 15% in June), 40% expecting no change (down from 52% in June) and 34% predicting a decrease in orders (up from 33% last month).
Average daily shipping levels declined somewhat in July. Twenty-six percent of participants report that shipping levels are above levels of three months ago (down from 31% in June), 43% report that shipping levels are the same as three months ago (compared to 39% last month), and 31% report a decrease in shipping levels (up from 30% in June).