Metalforming companies are less optimistic about business conditions in the coming months, according to the April 2013 Precision Metalforming Association (PMA) Business Conditions Report.
The April report shows that:
* 28% of participants expect economic activity will improve in the coming three months, down from 36% in the March 2013 report
* 56% expect activity will remain unchanged, from 58% in March
* 16% expect activity will decline, from 6% in March
Metalformers generally expect a dip in incoming orders in the next three months:
* 37% expect an increase in orders, from 46% in the March report
* 42% expect no change, from 43% in March
* 21% expect a decrease in orders, from 11% in March
William E. Gaskin, PMA president, noted the less robust outlook among PMA members came despite several recent positive indicators for the metalforming industry: growth in the March ISM Manufacturing Index, better March housing starts, and solid performance in the automotive sector.
to Daily News