Metalformers keep buying to a minimum

Nov 16, 2012 | 02:00 PM | Corinna Petry

Tags  Precision Metalforming Association, economic activity, raw material purchases, order rates, aerospace, defense, electronics, Corinna Petry

CHICAGO — The Precision Metalforming Association’s latest survey shows very slight movements in sentiment this month vs. October, but members who spoke with AMM were slightly more upbeat than the numbers might suggest.

Nearly one-fifth of members surveyed expect economic activity to improve over the next three months, up from 15 percent in October, but those forecasting a downward shift increased to 36 percent from 30 percent.

One quarter of respondents said shipments this month are above those of three months ago, a slight uptick, and those who are seeing lower shipments narrowed to 38 percent from 45 percent in October. Expectations for incoming orders were little changed.....

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