Industry Headlines

Metalforming Companies Anticipate Business Upswing

October 1, 2005
/ Print / Reprints /
/ Text Size+

CLEVELAND-Metalforming companies are anticipating an upswing in near-term business conditions, according to the August 2005 Precision Metalforming Association (PMA) business conditions report. Conducted monthly, the report is an economic indicator for manufacturing, sampling 151 metalforming companies in the United States and Canada.

When asked what they expect the trend in general economic activity to be over the next three months, 42% of participants reported that they believe business conditions will improve (up from 32% in July), 48% think activity will remain the same (down from 57% the previous month) and 10% predict it will decrease (compared to 11% July).

Metalforming companies also are expecting incoming orders to escalate over the next three months. Fifty-three percent of respondents expect an increase in orders, up from just 41% in July; 36% forecast no change, compared to 45% the previous month; and only 11% predict a decrease in orders, down from 14% in July.

Current average daily shipping levels remained virtually the same for the third month in a row. Twenty-five percent of companies reported that current shipping levels are above those of three months ago, compared to 26% in July; 42% reported no change compared to 44% in July; and 33% reported that August shipping levels are below levels of three months ago, up from 30% in July.

The number of metalforming companies with a portion of their workforce on short time or layoff dropped slightly in August. Seventeen percent of companies reported workers on short time or layoff in August, compared to 19% in July.

The monthly Business Conditions Report has been conducted by PMA since 1979. Full report results are available at

Did you enjoy this article? Click here to subscribe to Quality Magazine. 

You must login or register in order to post a comment.




 In honor of World Quality Month, we spoke to James Rooney, ASQ Past Chairman of the Board of Directors 2013, for his take on quality around the world.
For more information, read the ASQ Speaking of Quality column.
More Podcasts

Quality Magazine


2014 August

Check out the August 2014 edition of Quality Magazine for features!

Table Of Contents Subscribe

The Biggest Obstacle/Concern?

In the current economic and business climate, what is the biggest obstacle/concern to your job?
View Results Poll Archive

Clear Seas Research

qcast_ClearSeas_logo.gifWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.



facebook_40.png twitter_40px.png  youtube_40px.pnglinkedin_40px.png