PMA October Business Conditions Report: Metal Formers Dealing With Uncertainty

Metal forming manufacturers’ forecast for business activity during the next three months took a slight dip, according to the October 2024 Precision Metalforming Association (PMA) Business Conditions Report. The report, reflecting the views of 98 metal forming-company executives, shows that 37% predict a decrease in economic activity (compared to 31% last month), 13% anticipate an increase in activity (down from 15% in September) and 50% expect no change in activity in the next three months (compared to 54% in September).

“Metal formers are approaching the next three months with increased caution, partly due to uncertainty surrounding the upcoming presidential election and Congress’ delay in reinstating key tax incentives,” says David Klotz, PMA president. “That said, I just returned from FABTECH in Orlando, FL, where initial concerns about the impact of two hurricanes quickly were dispelled. Attendance was strong, with 32,000 attendees, and our METALFORM area featured nearly 250 booths. Reports indicated brisk lead generation and even some on-the-spot sales. Overall, the show was very positive and the capital-equipment market continues to be very strong, which is a good sign.”

See also: Precision Metalforming Association

Technologies: Management

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