Economy
August 22, 2018
Metalformers Optimistic Despite Tariff Problems
Written by Sandy Williams
Metalforming companies are struggling with higher steel prices and longer lead times as a result of Section 232 tariffs, but are still expecting business conditions to improve during the next three months.
The Precision Metalforming Association’s August Business Conditions Report showed 29 percent of participants expect an increase in economic activity, 62 percent expect no change and 9 percent anticipate a decline in activity. This compares with 24 percent, 53 percent and 23 percent, respectively, in July.
