Metalformers’ forecasts improve in Dec.
Dec 20, 2012 | 11:21 AM
| Corinna Petry
Tags
Precision Metalforming Association,
PMA,
business conditions,
metalformers,
roll formers,
fabricators,
automotive,
agricultural equipment
Corinna Petry
CHICAGO — Metal stampers, fabricators and roll formers have backed away slightly from a negative assessment of future economic activity.
Well under one-third (29 percent) of 126 member companies surveyed by the Precision Metalforming Association (PMA) now predict general economic activity will dip over the next three months, down from 36 percent who forecast a downturn when surveyed in November. Almost half (49 percent) forecast a stable economic environment compared with last month’s 45 percent, and 22 percent see an upswing ahead vs. 19 percent in November.
The less bearish outlook comes at a time when companies say their order books are firming.....
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