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Report Shows Metal Formers Remain Uncertain, Though More Predict Improving Business Conditions Ahead

Wednesday, August 28, 2019
 

According to the August 2019 Precision Metalforming Association (PMA) Business Conditions Report, uncertainty continues to plague the metal forming sector. However, an increasing number of companies project an improvement in near-term business conditions, though the majority remain uncertain and are bracing for a decline. The monthly report, a sampling of 111 metal forming companies in the United States and Canada, shows that 27 percent of participants anticipate an improvement in economic activity during the next three months (an increase from just 16 percent in July). Meanwhile, 46 percent expect no change in activity (a decrease from 60 percent in July), and 27 percent predict a decline in activity (as compared to 24 percent last month). 

“This month’s report indicates that metal formers continue to be apprehensive about near-term business conditions,” says PMA President David Klotz. “This likely stems from ongoing trade tensions, upcoming political elections and warnings of an economic

 

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