CLEVELAND, OH — According to the January 2014 Precision Metalforming Association (PMA) Business Conditions Report, metalforming companies expect an upswing in business conditions during the next three months. Conducted monthly, the report is an economic indicator for manufacturing, sampling 117 metalforming companies in the United States and Canada.
The January report shows that 46% of participants predict that economic activity will improve during the next three months (up from 41% in December), 47% anticipate that activity will remain unchanged (compared to 46% last month) and only 7% believe that economic activity will decline (down from 13% in December).