Metalformers’ first-qtr. outlook improves
Jan 15, 2013 | 02:47 PM
| Corinna Petry
Tags
Precision Metalforming Association,
PMA,
shipments,
new orders,
economic activity,
election,
fiscal cliff,
automotive industry
Corinna Petry
CHICAGO — Although members of the Precision Metalforming Association (PMA) reported slightly weaker average daily shipments in early January compared with a month earlier, their expectations about incoming order rates and first-quarter economic activity have improved.
A little more than 20 percent of PMA members said their average daily shipments are higher than they were three months ago, a decline of seven percentage points from December, while members seeing below-average shipments fell to 41 percent from 43 percent.
Metalformers speaking with AMM Jan. 15 suggested that the national election results and the fiscal cliff skirmishing may have cast a pall over business. Customers still aren’t pulling the trigger on capital investment, so outside of the automotive supply chain, sales are a bit sluggish.....
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