Metalforming companies expect a spike in business conditions in the coming three months, according to the January 2013 Precision Metalforming Association (PMA) Business Conditions Report.
According to data in the January report, 32% of metalformers expect economic activity to improve in the coming three months. That's a significant improvement from the December 2012 report, when only 22% said the same thing. The January report also showed that:
* 50% of metalformers expect activity will be unchanged in the coming three months, from 49% who said so in the December report
* 18% expect activity will decline in the next three months, for an improvement from 29% who said so in December
Metalformers also generally see incoming orders to strengthen in the next three months:
* 44% of metalformers expect more orders, from 33% who said so in December 2012
* 31% expect no change, from 39% in December
* 25% expect fewer orders, from 28% in December
"The January uptick in the ISM manufacturing index into the "growth" range, continued expectations of modest growth in the automotive sector for 2013, along with a strengthening housing/construction market support the modest optimism expressed by PMA member companies in the January Business Conditions Report," said William E. Gaskin, PMA president.
The report samples 131 U.S. and Canadian metalforming companies.
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