Economy
January 16, 2014
PMA Indicates Growth during the Next Three Months
Written by Sandy Williams
Metalforming companies are expecting business conditions to accelerate in the next three months, according to the January 2014 Precision Metalforming Association (PMA) Business Conditions Report. In January, 46 percent of participants said they expected economic activity to improve, up from 41 percent in December, while 47 percent said they expect conditions will be unchanged.
A leap in new orders is also expected with 54 percent of respondents, compared to 43 percent in December, forecasting improvement.
