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.
Sandy WilliamsRead more from Sandy Williams
Latest in Economy
AISI tells Congress to tighten trade legislation
The American Iron and Steel Institute (AISI) is urging Congress to strengthen US trade laws. Specifically, Kevin Dempsey, president and CEO of AISI, asked Congress to incorporate the provisions of the Leveling the Playing Field 2.0 Act in any trade legislation that moves forward this year.
Metalformers’ outlook brightens in February: PMA
Metalformers expressed increased optimism about business activity this month, according to the February 2024 Precision Metalforming Association (PMA) Business Conditions Report.
AISI explains new PM2.5 air-quality regulation’s impact on steel
The US already had strict regulations on air-quality standards for particulate matter, but they are going to get even tighter.
Architecture Billings Index remains soft in January
The Architecture Billings Index (ABI) reading from the American Institute of Architects (AIA) and Deltek showed a slight uptick in January but continued to signal soft conditions. The index inched up from 45.4 in December to 46.2 in January. While the index has moved higher consecutively each month since October, it remains in contraction territory. […]
Manufacturing remains sluggish in New York state
Manufacturing activity in New York State continued to shrink this month, according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York.