Economy
August 19, 2015
August PMA Index Indicates Flat Conditions Ahead
Written by Sandy Williams
Not much new activity to report for metalforming companies. The August 2015 Precision Metalforming Association (PMA) Business Conditions Report showed members expect little change in business conditions for the next three months. Overall economic activity is expected to be slightly better with 26 percent predicting an increase in activity, up from 18 percent in July.
A sampling of 127 metalforming companies in the U.S. and Canada revealed orders are expected to remain about the same for the next three months. Members report average daily shipping levels decreased slightly in August.
