Indicators dip, but firms stay busy: PMA survey
Apr 16, 2012 | 03:52 PM
| Corinna Petry
Tags
Precision Metalforming Association,
business conditions,
corinna petry
CHICAGO — Although statistics show fewer members of the Precision Metalforming Association (PMA) expect economic conditions to improve in the next three months, company sources AMM spoke with Monday remained optimistic.
Thirty-seven percent of PMA members surveyed this month anticipate an increase in business in the next 90 days, down from 46 percent who forecast a rising trend in March. Twelve percent of survey respondents expect a downturn, more than twice the response in March.
The number of respondents projecting higher incoming orders in the next quarter slipped to 43 percent this month from 47 percent in March, while the number expecting order rates to decline jumped by 10 points to 16 percent.....
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