Supplier Directory Subscribe
Advertisement
Advertisement
Advertisement
Advertisement
Home / PMA Poll: Orders on the Rise for Metal Manufacturers

PMA Poll: Orders on the Rise for Metal Manufacturers

Yet another development shows the global coronavirus pandemic’s unique impact on U.S. manufacturing trends: After a sharp downturn in the first few months of the crisis, fabrication and metalworking companies are more optimistic about the future.

Posted: June 19, 2020

The remote machine monitoring platform MachineMetrics has tracked U.S. machine tool utilization since the pandemic began. After sharp declines in April and late May, the seven-day rolling average as of June 19 was 25.3%, a 1 point increase from the previous week and heading upward toward 2019 levels.
Advertisement
Advertisement

For the first time since the global coronavirus pandemic began, North America’s metal manufacturers are optimistic about economic activity and incoming orders. After bottoming out in April, a Precision Metalforming Association (PMA) survey reflecting the views of 115 manufacturing members as of June 1 shows they expect business to improve over the next three months:

Economic Activity

  • 53% predict an improvement, increasing from 22% in May
  • 27% expect no change, up from 24% in May
  • 20% expect a decline, a significant decrease from 54% in May.

Incoming Orders

  • 57% expect an increase, compared to 14% who expected an increase in May
  • 24% expect no change, compared to 16% in May
  • 19% expect a decrease, a sharp decline from 70% in May.

Average Daily Shipping Levels

  • 9% reported an increase, compared to 3% in May
  • 10% reported no change, compared to 11% in May
  • 81% reported lower levels than three months ago, down from 86% in May.

As states lift stay-at-home orders, more companies are bringing more employees back in to work. Forty-three percent of survey respondents reported having a portion of their workforce on short time or layoff, a decrease from 50% in May. This is the highest percentage recorded since January 2010.

“Members are working to overcome the significant challenges created by COVID-19, continuing or restarting operations while protecting the safety of their employees,” says PMA President David Klotz. “Our Washington team also successfully advocated for modifications to the Small Business Administration’s Paycheck Protection Program. The legislation passed by Congress included provisions we supported, such as extending the term for loan forgiveness. This will give manufacturers more time to rehire workers.”

Full report results are available at https://www.pma.org/public/business_reports/pdf/BCREP.pdf.

PMA represents North America’s $137-billion market in stamping, fabricating, spinning, slide forming, roll forming, and other value-added processes. Nearly 800 member companies include equipment, materials, and services suppliers.

 

Subscribe to learn the latest in manufacturing.

Calendar & Events
Southeast Design – 2-Part Show
September 11 - 12, 2013
Greenville, SC
Mid-Atlantic Design – 2-Part Show
September 25 - 26, 2013
Phoenixville, PA
CMTS of Canada
September 30 - October 3, 2013
Mississauga, Canada
DISCOVER 2013
October 8 - 16, 2013
Florence, KY
Wisconsin Manufacturing and Technology Show
October 8 - 10, 2013
Wisconsin State Fair Park Exposition Center Halls B&C
WESTEC 2013
October 15 - 17, 2013
Los Angeles, CA
SOUTH-TEC
October 29 - 31, 2013
Greenville, SC
New England Design-2-Part Show
October 30 - 31, 2013
Marlborough, MA
DMG / Mori Seiki Manufacturing Days
November 12 - 15, 2013
Mori Seiki Manufacturing – Davis, CA
FABTECH
November 18 - 21, 2013
McCormick Place – Chicago, IL
Midwest Design-2-Part Show
November 20 - 21, 2013
Northern Kentucky Convention Center – Covington, KY
PCD Tool Manufacturing
November 20, 2013
United Grinding North America – Fredricksburg, VA
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement