Economy
November 26, 2018
PMA Members Predicting Decline in Business
Written by Sandy Williams
Metalforming firms are expecting a decline in business conditions and new orders during the next three months, according to the November 2018 Precision Metalforming Association (PMA) Business Conditions Report. The PMA is a monthly economic indicator for manufacturing, sampling 122 metalforming companies in the United States and Canada.
Current average shipping levels were steady in November. Firms with a portion of their workforce on short time or layoff increased to 6 percent from 2 percent in October and just 1 percent in November of 2017.
