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

Report Projects Positive Business Conditions in Future
Feb 20, 2004
 Printable format
 Email this Article
 Search

North American manufacturers are again forecasting sunny skies for their businesses in the areas of economic activity and incoming orders, according to the Precision Metalforming Association (PMA) Business Conditions Report. Conducted monthly, the report is an economic indicator for the manufacturing world, sampling 195 manufacturing companies in North America. Information is based on conditions as of Feb. 1, 2004.

The first survey question asks metalformers to compare the trend of economic activity for the next 3 months with today. Sixty-three percent anticipated that activity would increase (up 4 percent from last month and the highest mark in more than 2 years). According to PMA, the 63 percent figure is "staggering," as it is quadruple the percentage of respondents who answered this question in October of 2002 and double that of only 7 months ago. Five percent expected economic activity to decrease, while 32 percent predicted conditions would remain the same.

The survey results peaked again when participants were asked to report on the trend of incoming orders during the next 3 months compared with today. The majority -- 67 percent -- said that orders would increase. The figure is the highest number in more than 2 years, and up from 61 percent last month. Only 7 percent thought that orders would drop.

Hopefulness was also evident in the question asking how many companies have work force on short time or layoff. Thirteen percent answered "yes" -- a 6-percent improvement from January, and according to PMA, "the most encouraging number since before 2002."

Back to Daily News

 

Daily News

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

Sep 18, 2014: AHRI at White House unveils $5 billion refrigerant R&D plan

Sep 18, 2014: Solar microinverter market could break $1 billion by 2018

Sep 18, 2014: Haier will use new liquid blowing agent in large-capacity refrigerators

Sep 18, 2014: DOE requests comments on possible amendments to commercial icemaker energy standard

Sep 18, 2014: U.S. steel production up slightly from last year

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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