Metalforming companies anticipate steady business conditions in the next three months according to the September 2011 Precision Metalforming Association (PMA) Business Conditions Report.
The report is an economic indicator for manufacturing, sampling 145 metalforming companies in the United States and Canada.
• 54% of participants expect economic activity to remain unchanged in the next three months, up from 47% in August
• 24% expect activity will improve, down from 29% in August
• 22% expect activity will decline, down from 24% in August
In terms of expected change in incoming orders in the next three months:
• 33% of respondents in September predict an increase in orders (compared to 35% in August)
• 47% anticipate no change (38% in August)
• 20% predict a decrease in orders (27% in August)
Average daily shipping levels increased slightly in September:
• 33% of participants reported shipping levels above levels of three months ago (up from 27% in August)
• 40% report shipping levels are the same (42% in August)
• 27% report a decrease (31% in August)
Metalforming companies with some of their workforce on short time or layoff was at 12% in September, the same as in August, an improvement from 19% in September 2010.
"Metalforming companies anticipate steady business conditions for September through November, prior to the slowdown that generally is experienced during the holiday season,” said PMA President William E. Gaskin.
to Daily News