Economy
November 29, 2017
PMA Manufacturers Keep Eyes on NAFTA and Trade Actions
Written by Sandy Williams
Metalforming manufacturers continue to be cautious in their three-month outlook as members watch NAFTA negotiations and trade actions with trepidation. The November Precision Metalforming Association (PMA) Business Conditions Report showed 30 percent of participants expecting improvement in economic activity in the next three months—the same percentage as October.
Little change is expected in incoming orders during the next three months. Of the 114 metalforming companies sampled in November, 49 percent expect no change (up from 47 percent in October), 32 percent expect an increase, and 19 percent expect orders to decline.
