Metalformers expect activity growth despite mid-April lull

Apr 16, 2010 | 12:10 PM | Corinna Petry

General economic activity will remain steady or grow during the next three months, according to members of the Precision Metalforming Association (PMA), but some companies have seen in mid-April what they hope is a brief lull.

Forty-five percent of members expect activity to improve during the next quarter, 45 percent said it will remain the same and 10 percent forecast a downturn, the Cleveland group's latest survey shows. Only 5 percent had forecast a downward trend in the March survey.

"We had been doing well up to a couple of weeks ago, when it seems like things started to soften," Gretchen Zierick, president of Zierick Manufacturing Corp., Mount Kisco, N.Y., and chairwoman of PMA, said Friday. Discussions with fellow PMA members indicated they experienced the same thing, which they all hoped would be temporary, especially because April production schedules are running fairly full, she said.....

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