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Metalformers Bullish About Short-Term Outlook

Precision Metalforming Association members predict a spike in business conditions during the next three months, survey says.

Metalforming companies predict a spike in business conditions during the next three months. That's according to the December 2011 Precision Metalforming Association Business Conditions Report.

In summary:

Thirty-three percent of participants expect economic activity to improve during the next three months--up sharply from 11% in November--while 57% predict that activity will remain unchanged. Only 10% of respondents report that activity will decline, down from 28% in November.

Metalforming companies also expect a significant increase in incoming orders during the next three months, with 40% anticipating an increase in orders (up from only 21% in November), while 48% forecasting no change. By comparison, only 12% predict a decrease in orders.

“Current orders and shipments for PMA member companies have slowed modestly during Q-4,” said William E. Gaskin, PMA president. “However, year-to-date through October, the typical member company is still up 8% in new orders and 12% in shipments. The December Business Conditions Report supports the expectation that member companies believe their customers will ramp up production after the holidays, and that 2012 will be a year with modest continued growth for manufacturers.”
 

The complete December 2011 PMA report is available online.

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Aerospace  •  Automotive  •  Defense & Military  •  Industry Trends & Happenings

 

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