Economy
May 15, 2014
PMA Expects Steady but Positive Economic Conditions in Next Three Months
Written by Sandy Williams
Metalforming companies are predicting little change in economic conditions in the next three months, according to data from the May 2014 Precision Metalforming Association (PMA) Business Conditions Report. Incoming orders are also expected to remain relatively unchanged during the period.
Current daily shipping levels declined in May compared to three months ago according to those surveyed. When compared with levels from a year ago, 45 percent say shipping levels are higher. The percentage of companies with workforce on short time or layoff declined to 7 percent from 8 percent last month.
