Metalformers slightly more optimistic heading into 2025

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.