Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Metalformers Expect Downturn
Jun 1, 2011
 Printable format
 Email this Article
 Search

North American metalforming companies anticipate a downturn in business conditions in the next three months, according to the May 2011 Precision Metalforming Association (PMA) Business Conditions Report. The May report shows that:
• 23% of participants forecast an improvement in economic activity in the next three months (down from 40% in April)
• 55% predict activity will remain unchanged (compared to 45% last month)
• 22% report that activity will decline (up from 15% in April)

Metalforming companies also expect a drop in incoming orders over the next three months:
• 27% predicting a decrease in orders (up from 20% in April)
• 47% anticipate no change (compared to 38% last month)
• 26% predict an increase in orders (down significantly from 42% in April)

"During the first quarter of 2011, metalforming companies experienced orders 17 percent above Q-1 2010 and shipments 18 percent higher than 2010, on average,” said William E. Gaskin, PMA president. “The May Business Conditions report clearly indicates there is softening in expectations for the balance of the second quarter and into the summer months, which is at least in part due to the supply-chain disruptions in the automotive and electronic sectors caused by the earthquake in Japan. Uncertainties in how and when the U.S. Congress will address the debt ceiling, lower than anticipated GDP performance, and the continued slow recovery in homebuilding and construction industries also are contributing to lowered expectations.”

Back to Daily News

 

Daily News

...........................................................

Dec 19, 2014: Whirlpool Corp. provides guidance for 2015

Dec 19, 2014: Panasonic to showcase built-in appliances at LivingKitchen 2015

Dec 19, 2014: New residential construction in November 2014

Dec 19, 2014: 2014 U.S. steel production up 0.7% from 2013

Dec 19, 2014: Strong North American PCB Order Growth in October

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows