PMA Business Conditions Outlook Promising

The next three months are looking good to metalforming companies in the Dec. 2013 Precision Metalforming Association Business Conditions Report. The number of participants that forecast an improvement in economic activity during the next three months jumped to 41 percent, up from 27 percent in November. Likewise, incoming orders are expected to spike with 43 percent anticipating an increase in orders, up from 33 percent in November.

Average daily shipping levels decreased in December according to participants. Only nine percent of companies reported workforce on short time or layoff, down from 13 percent in November and 17 percent in December 2012.