and Canadian metalforming companies expect little change in
business conditions during the next three months, according to
the Precision Metalforming Associations (PMA's) June
industry continues to experience solid orders and shipping
levels, and generally expects more of the same over the next
quarter," PMA president William Gaskin said.
Orders are tracking
modestly higher, with 3-percent growth compared with the first
half of 2012, the association said, while shipments have fallen
about 5 percent for the average PMA member company.
Fifty-nine percent of
the 117 survey respondents foresee steady economic activity
over the next three months compared with 63 percent making the
same forecast in May, while 28 percent predict activity will
improve (up from 23 percent in May) and 13 percent forecast
declining activity (down from 14 percent).
PMA members also
expect incoming orders to remain fairly even over the next 90
days, with 31 percent anticipating an order uptick (down from
34 percent in May), 52 percent predicting no change (up from 47
percent) and 17 percent expecting orders to fall (down from 19
Average daily shipping
levels moved lower this month, with 32 percent saying shipments
exceeded March levels, 44 percent saying volumes were unchanged
and 24 percent reporting declining shipments, up 6 percentage
points from May.
The metal fabrication
industry, as tracked by the Federal Reserve Board, saw both its
industrial production index and capacity utilization rate
remain flat in April and May (
amm.com, June 17).