Economy
July 26, 2019
PMA Members Cautiously Look to Second Half
Written by Sandy Williams
Metalforming firms are concerned about business activity in the second half of this year, according to the July 2019 Precision Metalforming Association (PMA) Business Conditions Report. Sixty percent of participants expect no change in economic activity during the next three months (up from 59 percent in June), 16 percent predict an improvement in activity (compared to 20 percent last month), and 24 percent anticipate a decline in activity (up from 21 percent last month).
Incoming orders are expected to remain the same in the next few months with 49 percent, compared to 43 percent in July, forecasting no change in orders.
