According to the August 2012 Precision Metalforming Association (PMA www.pma.org) Business Conditions Report, metalforming companies expect a slight improvement in business conditions during the next three months.
The August report shows that 23% of participants anticipate economic activity will improve during the next three months (up from 19% in July), 46% predict that activity will remain unchanged (up from 45% last month) and 31% report that activity will decline (compared to 36% in July).
Metalforming companies also expect a slight increase in incoming orders during the next three months, with 29% anticipating an increase in orders (compared to 26% in July), 40% forecasting no change (the same percentage reported last month) and 31% predicting a decrease in orders (down from 34% in July).
Average daily shipping levels continued to decline in August. Only 17% of participants report that shipping levels are above levels of three months ago (down from 26% in July), 43% report that shipping levels are the same as three months ago (the same percentage reported last month), and 40% report a decrease in shipping levels (up from 31% in July).