PMA: Business Activity to Remain Steady

Members of the Precision Metalforming Association are expecting business conditions to remain steady for the rest of the year. A survey of 110 metalforming companies in the U.S. and Canada showed 28 percent of participants believe economic activity will improve, 62 percent expect no change (same as last month) and 10 percent expect a decline in activity. Incoming orders are expected to remain at current levels.

Average daily shipping levels increased during September with 53 percent reporting shipping levels as higher compared to 32 percent in August. Levels were perceived as unchanged by 34 percent versus 44 percent in August, and 13 percent reported a decrease in shipping levels, down from 24 percent.