CLEVELAND- Metalformers' economic projections for the next three months continue to rise, according to the Precision Metalforming Association (PMA) Business Conditions Report. Conducted monthly, the Business Conditions Report is an economic indicator for the manufacturing world, sampling 150 manufacturing companies. Information is based on conditions as of Sept. 1, 2003.
Forty-five percent of survey respondents expect the trend of economic activity for the next three months to increase as compared with today. This percentage is an improvement of 3% from last month, and the highest mark since May 2002. Only 7% predicted that activity would drop, a 2% recovery from August, and the most encouraging mark since April 2002. The remainder, 48%, thought activity would remain about the same.