Fewer manufacturers optimistic about the economy

Manufacturers’ outlook for economic activity declined for the third consecutive month, according to the latest report from the Precision Metalforming Association.

PMA’s April report shows that only 16% of surveyed manufacturers anticipate an increase in economic activity in the next three months, down from 23% in March. About 47% predict no change in activity, down from 54% in March. And 37% expect a decrease in activity, up from 23% last month.

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