PMA’s April Business Conditions Report
CLEVELAND, OH—April 17, 2015—According to the April 2015 Precision Metalforming Association (PMA) Business Conditions Report, metalforming companies expect little change in business conditions during the next three months. Prepared monthly, the report is an economic indicator for manufacturing, sampling 120 metalforming companies in the United States and Canada. The April report shows that 33% of participants predict that economic activity will improve during the next three months (down from 35% in March), 58% expect that activity will remain unchanged (the same percentage reported last month) and 9% believe that economic activity will decline (up from 7% in March). Metalforming companies also forecast that incoming orders will remain steady during the next three months, with 41% predicting an increase in orders (down from 43% in March), 47% anticipating no change (the same percentage reported in March) and 12% expecting a decrease in orders (up from 10% last month). Current...