Economy
Autumn Boost Expected by Metalformers
Written by Sandy Williams
September 27, 2017
Autumn is expected to bring stronger economic activity and more work for metalforming companies, according to the latest survey by the Precision Metalforming Association.
“Metalforming companies are greeting fall with increased optimism,” said PMA President Roy Hardy. “Predictions from our industry reflect the latest Bureau of Labor Statistics report which showed growth through some 36,000 new manufacturing jobs created last month. More work requires more workers so metalformers and our supporters in government should redouble efforts to address the skills gap and provide training opportunities.”
Current daily shipping levels spiked in September, said the PMA. Forty-one percent of survey participants reported shipping levels as higher than three months ago, compared to just 28 percent in August.
Four percent of companies surveyed had workers on short time or layoff in September, compared to 3 percent in August, and 8 percent a year ago.
Sandy Williams
Read more from Sandy WilliamsLatest in Economy
CRU: Will US tariff policy be transactional or transformational?
The Trump 1.0 tariffs appeared to have little positive effect on the US manufacturing, partly because they hurt export competitiveness.
Beige Book finds mixed demand trends, tariff concerns
Manufacturing activity exhibited slight to modest increases across a majority of districts. However, manufacturers expressed concerns over the potential impact of looming trade policy changes between late January and February.
Construction spending drops marginally in January
Construction spending edged down slightly in January, slipping for the first time in four months. The US Census Bureau estimated spending at a seasonally adjusted annual rate of $2,196 billion in January, down 0.2% from December’s downward revised rate. The January figure is 3.3% higher than a year ago. January’s result, despite the slight erosion, […]
ISM: Manufacturing expansion slowed in February
The Manufacturing PMI registered 50.3% in February. That’s 0.6 percentage points lower compared to the 50.9% recorded in January.
Chicago Business Barometer up but still pointing to weak conditions
The Chicago Business Barometer rose to an eight-month high in February. Despite the recovery, the measure continues to indicate deteriorating business conditions, as it has for over a year.