Economy
February 22, 2016
PMA Survey Shows Modest Optimism for 3-Month Business Outlook
Written by Sandy Williams
Metalforming companies in the U.S. and Canada are expecting slightly improved business conditions in the next three months. Surveyed members of the Precision Metalforming Association (PMA) reported average daily shipping levels in February were higher than three months ago and anticipate steady order activity for the next three months.
Companies reporting workers on short time or layoff increased to 14 percent from 12 percent in January. In February 2015 only 8 percent of companies reported workers on reduced hours or layoff.
