Economy
December 1, 2015
PMA Survey Expects Little Change in Business Conditions
Written by Sandy Williams
The Precision Metalforming Association (PMA) released its November 2015 Business Conditions Report this week. The survey of 111 PMA members in the U.S. and Canada indicates that manufacturers are expecting steady economic conditions during the next three months.
Incoming orders are expected to remain at the current rate with 32 percent forecasting an increase in orders (down from 33 percent in October), 45 percent predicting no change (compared to 41 percent in October) and 23 percent expecting a decrease in orders (down from 26 percent last month). Survey respondents indicated average daily shipping levels were steady in November.
