Metalforming companies expect business conditions to remain fairly steady during the next three months, according to the August 2010 Precision Metalforming Association (PMA) Business Conditions Report. The report is an economic indicator for manufacturing, sampling 130 metalforming companies in the United States and Canada.
The August report shows 25% of participants anticipate an improvement in economic activity during the next three months (up from 23% in July), 58% predict that activity will remain unchanged (down from 61% last month), and 17% report that activity will decline (up from 16% in July).
• one-third of metalforming companies forecast increased orders for the next three months
• 38% percent of participants expect an increase in orders (up from 29% in July)
• 44% anticipate no change (compared to 51% last month)
• 18% predict a decrease in orders (down from 20% in July)
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