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Metal Formers Continue to Perform Well, yet Remain Concerned

Wednesday, July 24, 2019
 

While business remains steady, metal forming companies remain concerned about near-term conditions, according to the July 2019 Precision Metalforming Association (PMA) Business Conditions Report.

The monthly report, a sampling of 111 metal forming companies in the United States and Canada shows that 60 percent of respondents expect no change (compared to last month’s 59 percent). Meanwhile, only 16 percent predict an improvement in economic activity during the next three months (down from last month’s 20 percent), and 24 percent anticipate a decline in activity (up from last month’s 21 percent).

“PMA’s monthly Business Conditions report shows that metal forming manufacturers are continuing to perform well, but are concerned about business activity going into the second half of the year,” says PMA President David Klotz. “In addition, manufacturers continue to experience challenges finding workers to fill available jobs with more than 500,000 job openings in our sector. That’s why PMA launched METALFORM EDU, an online training program to help companies build their own talent pipeline by providing access to the right training, on demand.”

 

 

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