Economy
June 29, 2016
PMA Survey Indicates Steady Conditions for Next 3 Months
Written by Sandy Williams
Metalforming companies surveyed in June are expecting little change in business conditions during the next three months. The June 2016 Precision Metalforming Association sampled 120 metalforming companies in the U.S. and found most expect economic activity to remain steady.
Orders are expected to remain at stable, with 51 percent predicting no change compared to 44 percent in May. The survey results revealed current average daily shipping levels dipped in June with only 33 percent of participants reporting current levels as higher than three months ago compared to 39 percent in May.
