Metalformers predict flat conditions

Nov 18, 2010 | 12:40 PM | Corinna Petry

Metalformers anticipate business conditions will remain virtually unchanged over the next three months, according to survey results released Tuesday by the Precision Metalforming Association (PMA).

One-fifth of the 137 companies surveyed this month said they expect economic activity will rise over the next three months—the same percent as in October—while the largest bloc, 57 percent, predict activity will remain level.

One-fourth of respondents said the trend of incoming orders will increase over the next 12 weeks, likewise unchanged from October. Fewer companies in November—25 percent versus 30 percent in October— forecast a decreasing order trend.

"Metalforming companies have generally experienced a solid recovery in orders and shipments during the past 15 months, beginning in July 2009," PMA president William E. Gaskin said Tuesday. "A seasonal dip in shipments is expected in December through the holidays, and then the slow but steady recovery is expected to continue."....

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