Economy
June 21, 2021
Challenges in Q3 for Metalforming Companies
Written by Sandy Williams
The next three months will be challenging, said metalforming companies in the June 2021 Precision Metalforming Business Conditions Report. Only 36% of companies expect an improvement in economic activity during the period, down from 41% in May, while 12% anticipate a decline in activity, up from 10% in the previous month.
The percentage of respondents reporting an increase in lead times dropped to 66% in June from 71% in May. The June survey marked the first decline reported for lead times in eight months.
