Economy
September 20, 2014
PMA Cautious About 4th Quarter 2014
Written by Sandy Williams
The September Precision Metalforming Association (PMA) Business Conditions Report reveals that metalforming companies are less optimistic about the business conditions for the next three months. The number of participants expecting economic activity to decline doubled to 14 percent from 7 percent last month, 51 percent expect no change (down from 53 percent) and 35 percent are expecting an improvement in conditions (down from 40 percent).
A dip in incoming orders is forecast for the next three months, with 49 percent expecting no change (up from 47 percent) and 16 percent expecting a decrease (compared to 10 percent in August).
