Economy
February 19, 2015
PMA Optimism Falls in 3 Month Outlook
Written by Sandy Williams
Metal forming companies expressed less optimism in the February Precision Metalforming Association (PMA) Business Conditions Report. Out of a sampling of 119 metal forming companies in the U.S. and Canada, only 33 percent of participants expect economic activity to improve over the next three months, down from 45 percent in January.
Incoming orders are expected to decline slightly in the coming months. Current average daily shipping levels, however, are higher than three months ago.
