Metalformers see weakness in 4th qtr. PMA
Sep 19, 2008 | 12:06 PM
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Metalforming companies expect business conditions to weaken somewhat during the next three months, according to the Precision Metalforming Association's business conditions report for September.
Independence, Ohio-based PMA surveys 164 member companies each month. Only 16 percent of respondents in September said they expect general economic activity will improve over the next 90 days, down from 20 percent in August; and 31 percent forecast a decline in activity compared with 28 percent last month. Fifty-three percent forecast no change vs. 52 percent in August.
Metalformers also project a drop in incoming orders during the next three months 32 percent of respondents anticipate orders will decline (up from 29 percent in August), 41 percent expect no change (down from 42 percent last month) and 27 percent forecast an increase in orders (down from 29 percent in August). ....
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