Metalforming Companies Anticipate Business Upswing
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).