PMA’s May Business Conditions Report
CLEVELAND, OH—May 13, 2015—According to the May 2015 Precision Metalforming Association (PMA) Business Conditions Report, metalforming companies expect softening business conditions during the next three months. Prepared monthly, the report is an economic indicator for manufacturing, sampling 126 metalforming companies in the United States and Canada. The May report shows that 24% of participants predict that economic activity will improve during the next three months (down from 33% in April), 60% expect that activity will remain unchanged (compared to 58% last month) and 16% believe that economic activity will decline (up from 9% in April). Metalforming companies also forecast a decline in incoming orders during the next three months, with 35% predicting an increase in orders (down from 41% in April), 50% anticipating no change (compared to 47% in April) and 15% expecting a decrease in orders (up from 12% last month). Current average daily shipping levels also dipped in May. T...