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    Manufacturers/End Users

    December 20, 2024

    Metalformers slightly more optimistic heading into 2025

    Written by Stephanie Ritenbaugh

    Manufacturers are showing “cautious optimism” heading into the new year, with more manufacturers expecting economic activity to hold steady or increase during the first quarter of 2025, according to the latest report from the Precision Metalforming Association.

    PMA’s December report shows that 30% of the manufacturers responding to the survey predict an increase in economic activity in the next three months, up from 23% in November and 13% in October. Still, a majority of ~49% expect no change in activity, up from 43% in October. About 21% are bracing for falling activity.

    Stephanie Ritenbaugh

    Stephanie Ritenbaugh is a reporter for Steel Market Update. She is an experienced business journalist, holding a variety of positions for trade publications and newspapers, including covering shale development for Gas Business Briefing/Platts and for the Pittsburgh Post-Gazette. She can be reached at stephanie.ritenbaugh@crugroup.com or +1 724-759-7868

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