PMA Report Optimistic in August

Metalforming companies believe business conditions will improve during the next three months, according to the August 2016 Precision Metalforming Association (PMA) Business Conditions Report. A survey of 122 metalforming companies in the US and Canada showed 30 percent of participants expecting better conditions, up from 22 percent in July. Those who think business will remain the same were down 2 percentage points to 54 percent. Incoming orders are forecast to improve during the period.

The survey revealed that average daily shipping levels in August declined for 34 percent of participants. Thirty six percent said levels are the same as three months ago and 29 percent said levels have increased.