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 Steady Business
Mar 15, 2012
 Printable format
 Email this Article
 Search

Metalforming companies in North America expect steady business conditions during the next three months, according to the March 2012 Precision Metalforming Association (PMA) Business Conditions Report.

In the March report, metalformers were asked to report their expectations for business conditions over the next three months:
* 46% of participants expect economic activity to improve during the next three months, down from 51% in the February report
* 49% expect activity to remain unchanged, up from 45% in the February report
* 5% expect activity to decline, up from 4% in the February report

Metalformers expectations for incoming orders in the next three months:
* 47% forecast an increase in orders, down from 56% in the February report
* 47% expect no change, up from 33% in February
* 6% expect a decrease in orders, down from 11% in February

Metalformers daily shipping levels in March:
* 53% said shipping levels are above levels of three months ago, compared to 45% who said so in the February report
* 37% said shipping levels are the same as three months ago, compared to 45% in the February report
* 10% said they saw a decrease in shipping levels, the same percentage as in the February report

Metalforming companies with a portion of their workforce on short time or layoff was steady: 7% in March was the same as in the February report, and is significantly better than the 12% reported in March 2011.

"The metalforming industry continues to benefit from overall growth in the manufacturing sector of our economy," said William E. Gaskin, PMA president. "Shipping levels are strong and orders continue to grow modestly or hold firm. Reports of difficulty hiring skilled employees are now widespread and companies are becoming more creative in filling open positions, including training current production employees so they can fill more highly skilled positions, and filling lower-skilled positions with new personnel or by using temporary workers."

The monthly report samples 134 metalforming companies in the United States and Canada to report an economic indicator for manufacturing. PMA is the full-service trade association for the $113-billion metalforming industry of North America.

Back to Daily News

 

Daily News

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

Oct 17, 2014: Whirlpool completes purchase of majority interest in Indesit

Oct 17, 2014: AHRI Annual Meeting registration open for just 1 more week

Oct 17, 2014: Walmart will moderate brick-and-mortar growth and increase capital spending on e-commerce capabilities

Oct 17, 2014: Smart devices shipments forecast to show strong growth

Oct 16, 2014: Helen of Troy sales and earnings exceed expectations

More Daily News>>

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

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

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
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