Metalforming Business Conditions Report for April 2006
CLEVELAND-Metalforming companies experienced a spike in shipping levels and expect business conditions to remain steady during the next three months, according to the April 1, 2006, Precision Metalforming Association (PMA) business conditions report. Conducted monthly, the report is an economic indicator for manufacturing, sampling 134 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, 56% of participants reported that business conditions will remain the same, up from 45% in March; 38% believe conditions will improve compared to 45% the previous month; and just 6% predict economic activity will decrease down from 10% in March.