The expectations of North American metalforming companies for the next three months


logo pmaAccording to the March 2015 Precision Metalforming Association (PMA) Business Conditions Report, North American metalforming companies expect steady business conditions during the next three months. The report shows that 35% of participants predict that economic activity will improve during the next three months (up from 33% in February), 58% expect that activity will remain unchanged (compared to 59% last month) and 7% believe that economic activity will decline (down from 8% in February). Metalforming companies also anticipate little change in incoming orders during the next three months, with 43% predicting an increase in orders (down from 44% in February), 47% anticipating no change (compared to 48% in February) and 10% expecting a decrease in orders (up from 8% in February). Current average daily shipping levels also remained steady in March. Forty percent of participants report that shipping levels are above levels of three months ago (compared to 38% in February), 43% report that levels are the same as three months ago (compared to 44% last month) and only 17% report a decrease in shipping levels (compared to 18% in February).