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Stable business activity expected for metalforming manufacturers

Metalformer Business Activity Remains Steady in March 2024

April 11, 2024
Stable business conditions are anticipated for metalforming manufacturers in the coming months according to the March PMA Business Conditions Report.

Business activity for metalforming manufacturers continued to be positive in March 2024 according to the latest Precision Metalforming Association (PMA) Business Conditions Report.

The association's March report shows manufacturers anticipate stable economic activity over the next 3 months. Twenty-four percent of respondents to PMA's survey on the subject indicated they expect an increase in activity in the coming months. This is a slight uptick from the 23% who said the same in the February PMA report

Another 60% of respondents are forecasting no change in activity, down from 61% who said as much in February while for the second month in a row 16% said they are expecting economic activity to decline in the coming months.  

About the Author

Sara Jensen | Technical Editor, Power & Motion

Sara Jensen is technical editor of Power & Motion, directing expanded coverage into the modern fluid power space, as well as mechatronic and smart technologies. She has over 15 years of publishing experience. Prior to Power & Motion she spent 11 years with a trade publication for engineers of heavy-duty equipment, the last 3 of which were as the editor and brand lead. Over the course of her time in the B2B industry, Sara has gained an extensive knowledge of various heavy-duty equipment industries — including construction, agriculture, mining and on-road trucks —along with the systems and market trends which impact them such as fluid power and electronic motion control technologies. 

You can follow Sara and Power & Motion via the following social media handles:

X (formerly Twitter): @TechnlgyEditor and @PowerMotionTech

LinkedIn: @SaraJensen and @Power&Motion

Facebook: @PowerMotionTech

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