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.