Economy
October 28, 2016
PMA Survey Showing Less Confidence in Future Business Conditions
Written by Sandy Williams
Metalforming companies are expecting a minor decline in business conditions during the next three months, according to the latest survey by the Precision Metalforming Association (PMA).
Respondents in the October survey are expecting a drop in incoming orders and noted that shipping levels declined in in October. Lead times, compared with three months ago shortened slightly, with 72 percent of companies saying lead times are the same compared to 76 percent in September.
