Survey: More than One Third of Metal Formers See Business Picking Up
January 24, 2025Comments
Metal forming companies remain optimistic about business conditions, according to the January 2025 Precision Metalforming Association (PMA) Business Conditions Report, continuing an upward trend that began in October 2024. The report reveals that 35% of surveyed manufacturers predict an increase in economic activity in the next three months, up from 30% in December, and only 11% anticipate a decrease in activity, down from 21% in December.
Metal formers also forecast a spike in incoming orders, with 49% of respondents expecting an increase in orders during the next three months, compared to 34% in December, and only 13% anticipating a decrease in orders, down from 19% in December.
“PMA’s January Business Conditions report highlights the resilience of metal forming manufacturers, which is paying off as they anticipate increased economic activity heading into the first quarter of 2025,” says PMA President David Klotz. “Our members are optimistic that the new administration and Congress will take steps to strengthen domestic manufacturing, reduce unnecessary regulations, and reinstate important business tax incentives that encourage research and development and capital equipment purchases. PMA’s advocacy team in Washington, D.C., is urging policymakers to avoid adopting a tariff policy that protects only one part of the supply chain at the expense of downstream users, as a true economic revitalization must support both upstream and downstream manufacturing industries.”
See also: Precision Metalforming Association
Technologies: Management
