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Metal Formers Report Optimism

Tuesday, February 26, 2019
 

Metal forming companies forecast an upturn in business conditions during the next three months, according to the February 2019 Precision Metal forming Association (PMA) Business Conditions Report. The monthly report, a sampling of 109 metal forming companies in the United States and Canada, shows that 27 percent anticipate an improvement in economic activity during the next three months (up from 23 percent in January) and 66 percent expect no change (compared to 57 percent in January). Furthermore, only 7 percent predict a decline in activity (down from 20 percent in January).

“Metal forming companies continue to show resiliency despite continuing headwinds caused by the Section 232 steel and aluminum tariffs,” says PMA President David Klotz. “However, additional tariffs on autos and auto parts could severely damage not only those metal forming companies who supply to the auto sector, but the entire U.S. economy. PMA’s advocacy team continues to work to ensure that elected officials make policy decisions based on what is best for the entire manufacturing sector.”


 


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