Economy
June 15, 2020
Metalformers Expect Improved Business Conditions
Written by Sandy Williams
Metalforming companies are finally feeling optimistic about the economy and business conditions. After a difficult several months under the coronavirus pandemic, the June 2020 Precision Metalforming Association Business Conditions Report found 53 percent of survey respondents expect economic activity to improve in the next three months, up from 22 percent in May.
A spike in new orders is also in the forecast, according to 57 percent of participants, an increase from just 14 percent in May.
