Metalformers feel more cautious: PMA
May 15, 2012 | 04:12 PM
| Corinna Petry
Tags
Precision Metalforming Association,
PMA,
economic activity,
business conditions survey,
Corinna Petry
CHICAGO — Metal stampers, rollers, tool and die makers, and parts producers are feeling a little less sunny about their economic prospects than they were earlier this year, according to the most recent business conditions survey by the Precision Metalforming Association (PMA).
The proportion of metalformers who foresee economic activity heating up over the next three months fell 13 percentage points from April, a drop roughly in line with the 11-percentage-point decrease in those forecasting rising orders, according to the Independence, Ohio-based organization.
"Like everybody, we are cautiously optimistic," the owner of a New England steel tool manufacturing company said. "The wounds are still pretty deep from a few years ago. We have the feeling that everything is going to be OK, but there are still a lot of open questions, including the impact of the election on the economy. We don’t know what’s going to happen with tax rates from an investment perspective. That weighs on decisions."....
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