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Daily News

Metalformers See Steady Business Ahead
Nov 19, 2012
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Metalforming companies in the United States and Canada expect steady business conditions in the next three months, according to a November 2012 report from the Precision Metalforming Association. Of the metalformers surveyed, 19% expect economic activity will improve in the next three months, up from 15% in October. 45% of metalformers expect activity will remain unchanged, from 55% in the October report. 36% of metalformers expect activity will decline, from 30% in October.

Metalforming companies' expectations of incoming orders in the next three months:

* 28% expect increased orders, up from 24% in October
* 39% expect no change in orders, from 41% in October
* 33% expect fewer orders, from 35% in October

Average daily shipping levels continued to be steady in November:

* 25% of metalformers report shipping levels are up from three months ago, from 22% in the October report
* 37% report shipping levels are the same as three months ago, from 33% in October
* 38% report lower shipping levels, from 45% in October

The share of metalforming companies with some of their workforce on short time or layoff was up to 17% in November 2012, from 16% in October and the same as November 2011.

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