Manufacturers of metalformed products anticipate continuing challenging conditions over the next three months, according to a monthly report from the Precision Metalforming Association (PMA).

The latest PMA Business Conditions Report, issued Oct. 28, found that 18% of surveyed manufacturers expect an increase in general economic activity in the next three months — up from 14% in September. However, 35% expect a decrease, up from 32% in September, while 47% of respondents expect no change in activity (54% in Sept.).

Metalformers also predict a downturn in incoming orders in the next three months, with 39% of respondents affirming a decline, up from 28% in September, while 40% expect no change, (45% in September), and only 21% expect an increase, down from 27% the prior month.

Current average daily shipping levels in October showed 36% reporting no change (56% in September), 38% reporting a decrease (31% in September) and 26% reporting an increase in levels (19% in September).

Other notes:

• On the staffing front, 8% of respondents reported having workers on short time or layoff in October (11% in September), while 29% indicated they are expanding their workforce (32% in September).
• 9% of respondents reported an increase in lead times in October, down from 13% in September.

“The decrease in shipping activity and forecast for incoming orders reflects the ongoing economic uncertainty in the market,” said David Klotz, PMA president. “At the same time, PMA members continue to lead industry efforts to strengthen U.S. manufacturing and support initiatives to curb unfair trade. However, members remain concerned about tariffs on steel and aluminum products that are not available in the United States. In addition, potential tariffs on machinery that is either not produced domestically or requires imported inputs would raise costs, delay investments, and ultimately hinder modernization and competitiveness across our industry.”