After greeting September with increased optimism, metalforming companies are now expecting business conditions to weaken slightly in the next three months, according to the October 2017 Precision Metalforming Association (PMA) Business Conditions Report. Metalforming companies also anticipate declines in incoming orders.
“Ebbs and flows in productivity are a part of today’s manufacturing industry,” said PMA President Roy Hardy. “Slight downturns can be caused by uncertainty over regulations from Washington or the unpredictability of available skilled workers in our communities.”
Average daily shipping levels declined in October, reported PMA members. Lead times were about the same as three months ago.
Fewer metalforming companies reported workers on short time or layoff in October, falling to 3 percent from 4 percent in September. A year ago the percentage was 12 percent.
The PMA report is a monthly economic indicator for manufacturing. October’s survey sampled 108 metalforming companies in the United States and Canada.
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