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Slight Uptick in TMA Business-Trends Survey

Slight Uptick in TMA Business-Trends Survey

Monday, November 8, 2004
 
The October 2004 Business Trends Report, conducted by the Tooling & Manufacturing Association, shows that 88 percent of member companies rated business conditions on October 1 as fair, good or very good. A majority of respondents saw quoting and employment remaining steady in 3Q, with average toolroom work weeks increasing 1.5 hours to 47.5. Order backlog increased for 31 percent of respondents, remained the same for 35 percent and declined for 34 percent. Toolroom employment increased 1 percent, according to TMA, while production employment increased 1.7 percent. Industry groups covered in the survey include tool and die, precision and specialized machining, stamping and fabrication, molds and die-cast dies, and plastic molding.

 

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