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Precision Metalforming Association report finds companies are optimistic

The Independence-based Precision Metalforming Association's February report showed that 18% of respondents predict an increase in general economic activity in the next three months, up from 11% who expressed that optimism in the January report.

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Metalformers Express Optimism for Improvement in Economic Activity

Nearly 80% of respondents anticipate similar or increased orders in coming months.

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Metalformers expect economy to remain steady in first quarter | Crain s Cleveland Business

Fewer companies were looking to grow their workforce in January 48%, down from 52% in December.

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Metalformers Predict Modest Improvement in Early 2023

The report also showed that lead times continue to drop.

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Most metalformers surveyed report steady conditions | Crain s Cleveland Business

Most respondents in the Precision Metalforming Association's latest report expect economic conditions to remain stable in the coming months.

United statesDavid klotzPrecision metalforming associationDecember business conditions reportOne voice

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