Back in June the Precision Metalforming Association (PMA) were predicting a significant decline in business conditions during the 2012 summer months. This report samples 114 metal forming companies in the U.S. and Canada and is an economic indicator for manufacturing. However, by July PMA had modified their predictions considerably and are now expecting a slight uptick in business conditions over the next three months.
July’s report shows that 19% of participants anticipate economic activity will improve (up from 11% in June), 45% say it will remain unchanged (57% said unchanged in June), and 36% say activity will decline (32% said so in June).
Since many of our customers are precision metal formers we certainly hope you do experience an uptick in business! What are your manufacturing predictions for the next three months?
One way to save money and protect your investments is to repair your existing manufacturing equipment.
Damaged circuit boards, broken encoders, alarming CNC equipment, “dead” power supplies – none of these are necessarily the end of the line for that piece of equipment. Most likely it can be repaired, and for substantially less than the cost of replacement.