Precision Metalforming Association (PMA) released their November 2010 Business Conditions Report disclosing unchanged business condition in the industry over the next three months. The report was generated from a sampling of 137 metalforming companies across US and Canada. The metalforming industry is a vital industrial sector contributing significantly to US economy by providing thousands of jobs especially in Illinois, Michigan, Ohio and Connecticut where metalforming is strong.

The Business Conditions Report is a monthly report issued by the PMA since 1979. The November report revealed that 57% of respondents predicted that activity will remain unchanged, compared to 54% last month. 23% believed that the activity will further decline while 20% forecasted an improvement in economic activity during the next three months.

PMA President William E. Gaskin said that metalforming companies have generally experienced a solid recovery in orders and shipment during the past 15 months. However, he mentioned that a seasonal decrease is expected in December due to holidays, then slow and steady recovery months after.