Metalforming companies expect a slight improvement in business conditions in the next three months, according to the August 2012 Precision Metalforming Association (PMA) Business Conditions Report.
Expectations for business activity in the August report:
* 23% of report participants expect economic activity will improve in the next three months, up from 19% in July
* 46% expect activity will remain unchanged, from 45% in July
* 31% expect activity will decline, from 36% in July
Expectations for incoming orders are up slightly in the August report, while average daily shipping levels were down slightly
"Business conditions in the metalforming industry reflect continued concerns about economic conditions in the United States and increasingly in Europe," said William E. Gaskin, PMA president. "The modest uptick in expectations for new orders and the slight decline in shipments are typical for mid-summer, as companies look ahead to higher production levels that are common in the early fall, compared to summer. Year-to-date, through June, the average PMA member has experienced a 9% increase in orders and a 10% increase in shipments, so there has been solid growth in 2012, even though the most recent months have seen modest decreases in activity."
to Daily News