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.

PMA said 23% of manufacturers responding to the survey expect an increase in business activity over the next three months, up from 20% in January. February marks the third straight consecutive jump. Additionally, 61% anticipate no change in business activity, ticking up from 60% the prior month. Only 16% see a decrease in business activity, falling from 20% in January.

Ethan Bernard

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.