PMA’s July Business Conditions Report
CLEVELAND, OH—July 29, 2015—According to the July 2015 Precision Metalforming Association (PMA) Business Conditions Report, metalforming companies anticipate steady business conditions during the next three months. Prepared monthly, the report is an economic indicator for manufacturing, sampling 114 metalforming companies in the United States and Canada. The July report shows that 65% of participants expect that economic activity will remain unchanged during the next three months (up from 60% in June), 18% predict that activity will improve (down from 23% in June) and 17% believe that economic activity will decline (the same percentage reported in June). Metalforming companies forecast a slight improvement in incoming orders during the next three months, with 36% predicting an increase in orders (up from 33% in June), 45% anticipating no change (compared to 48% in June) and 19% expecting a decrease in orders (the same percentage reported last month). Current average daily shippi...