Metalforming business on the rise

PMA report shows an order spike is on the horizon.

01/26/2012


According to the January 2012 Precision Metalforming Association (PMA) Business Conditions Report, metalforming companies predict improved business conditions during the next three months. Conducted monthly, the report is an economic indicator for manufacturing, sampling 132 metalforming companies in the United States and Canada.

The January report shows that 41% of participants expect economic activity to improve during the next three months (up from 33% in December 2011), 54% predict that activity will remain unchanged (compared to 57% last month) and only 5% report that activity will decline (down from 10% in December).

Metalforming companies also expect a spike in incoming orders during the next three months, with 51% anticipating an increase in orders (up from 40% in December), 40% forecasting no change (compared to 48% last month) and only 9% predicting a decrease in orders (down from 12% in December).

Average daily shipping levels improved in January. Thirty percent of participants report that shipping levels are above levels of three months ago (up from 25% in December), 48% report that shipping levels are the same as three months ago (compared to 44% last month), and 22% report a decrease in shipping levels (compared to 31% in December).

The percentage of metalforming companies with a portion of their workforce on short time or layoff remained unchanged at 12% from December 2011 to January 2012. The percentage matches data reported one year ago, in January 2011.

“The metalforming industry continues to exhibit a positive outlook for 2012, despite the uncertainties created by the lack of political willpower in Washington, D.C., in Congress and the Administration, to address fundamental issues such as taxes, labor law changes and a wide range of growing regulatory obstacles that impact manufacturing,” said William E. Gaskin, PMA president. “Data from PMA’s 2011 Orders and Shipments Survey peg 2011 calendar year growth for new orders at 8 percent vs. 2010, with shipments up year-over-year by 11 percent compared to 2010. Based on PMA’s January Business Conditions Report, the first quarter of 2012 will provide a strong start to the year, consistent with the underlying strength in manufacturing which is helping to lead a slow, steady economic recovery.”

The monthly Business Conditions Report has been conducted by PMA since 1979. Full report results are available at pma.org/public/business_reports/pdf/BCREP.pdf.



No comments
Consulting-Specifying Engineer's Product of the Year (POY) contest is the premier award for new products in the HVAC, fire, electrical, and...
Consulting-Specifying Engineer magazine is dedicated to encouraging and recognizing the most talented young individuals...
The MEP Giants program lists the top mechanical, electrical, plumbing, and fire protection engineering firms in the United States.
2014 Product of the Year finalists: Vote now; Boiler systems; Indirect cooling; Integrating lighting, HVAC
High-performance buildings; Building envelope and integration; Electrical, HVAC system integration; Smoke control systems; Using BAS for M&V
Pressure piping systems: Designing with ASME; Lab ventilation; Lighting controls; Reduce energy use with VFDs
Case Study Database

Case Study Database

Get more exposure for your case study by uploading it to the Consulting-Specifying Engineer case study database, where end-users can identify relevant solutions and explore what the experts are doing to effectively implement a variety of technology and productivity related projects.

These case studies provide examples of how knowledgeable solution providers have used technology, processes and people to create effective and successful implementations in real-world situations. Case studies can be completed by filling out a simple online form where you can outline the project title, abstract, and full story in 1500 words or less; upload photos, videos and a logo.

Click here to visit the Case Study Database and upload your case study.

Protecting standby generators for mission critical facilities; Selecting energy-efficient transformers; Integrating power monitoring systems; Mitigating harmonics in electrical systems
Commissioning electrical systems in mission critical facilities; Anticipating the Smart Grid; Mitigating arc flash hazards in medium-voltage switchgear; Comparing generator sizing software
Integrating BAS, electrical systems; Electrical system flexibility; Hospital electrical distribution; Electrical system grounding
As brand protection manager for Eaton’s Electrical Sector, Tom Grace oversees counterfeit awareness...
Amara Rozgus is chief editor and content manager of Consulting-Specifier Engineer magazine.
IEEE power industry experts bring their combined experience in the electrical power industry...
Michael Heinsdorf, P.E., LEED AP, CDT is an Engineering Specification Writer at ARCOM MasterSpec.