Metal Formers’ Outlook for Economic Activity Remains Steady; Shipping Levels Dip Slightly
November 20, 2025Comments
According to the November 2025 Precision Metalforming Association (PMA) Business Conditions Report, metal forming manufacturers have a mixed outlook for the next three months, with the majority of those surveyed predicting no change or a decrease in general economic activity, while optimism for an improvement in incoming orders is trending upward. The report shows that 35% of manufacturers surveyed anticipate a decrease in general economic activity in the next three months (the same percentage reported in October), while 14% expect an increase in activity (down from 18% in October).
Metal formers experienced a slight dip in current average daily shipping levels in November, with 40% reporting a decrease (compared to 38% in October), and 21% reporting an increase in shipping levels (down from 26% last month).
However, 31% of respondents anticipate an increase in orders during the next three months (up from 21% in October), and 33% predict a decrease in orders (down from 39% last month).
“PMA’s November Business Conditions Report shows that members continue to be cautious about expected economic activity over the next three months,” says PMA President David Klotz. “This likely reflects ongoing uncertainty in the market due in part to supply-chain challenges, including continued increases in prices of key inputs such as steel and aluminum. However, it is notable that more members predict an increase in incoming orders—a positive sign of the industry’s resilience.”
See also: Precision Metalforming Association
Technologies: Management
