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Metalformers Expect Dip In Business
Sep 9, 2011
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Metalforming companies are expecting a dip in business in the next three months, according to the August 2011 Precision Metalforming Association (PMA) Business Conditions Report, which samples 130 U.S. and Canadian metalforming companies. The report shows:
• 24% of participants forecast a decline in economic activity in the next three months (up from 17% in July)
• 47% expect activity will remain unchanged (55% in July)
• 29% expect activity will improve (28% in July)

Metalforming companies also expect a slight decrease in incoming orders in the next three months:
• 27% expect a decline in orders (19% in July)
• 38% expect no change (48% in July)
• 35% expect increased orders (33% in July)

William E. Gaskin, PMA president, noted that better than two-thirds of PMA member companies reported shipments were up or at least holding steady:
• 27% reported shipments were up over the previous month
• 42% said shipments were the same

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