Metalforming companies anticipate a slight dip in business conditions during the next three months. That's according to the newly released August 2011 Precision Metalforming Association (PMA) Business Conditions Report.Following are the survey's main findings:
- 24% of participants forecast a decline in economic activity during the next three months (up from 17% in July), while 47% predict that activity will remain unchanged (compared to 55% last month); 29% report that activity will improve (up from 28% in July).
- Metalforming companies also expect a slight decrease in incoming orders during the next three months, with 27% predicting a decline in orders (up from 19% in July), 38% anticipating no change (compared to 48% last month), and 35% predicting an increase in orders (up from 33% in July).
- 27% of those surveyed report that shipping levels are above those seen three months ago (down from 38% in July), while 42% report that shipping levels are the same as three months ago (up from 35% last month); 31% report a decrease in shipping levels (compared to 27% in July).
The complete August PMA Business Conditions Report is available online.
