An Uptick in Metal Formers’ Optimism
June 24, 2025Comments
Metal forming manufacturers forecast an uptick in economic activity during the next three months, according to the June 2025 Precision Metalforming Association (PMA) Business Conditions Report. PMA’s June report shows that 24% of surveyed manufacturers anticipate an increase in general economic activity in the next three months, up from 16% in May), while only 28% expect a decrease in activity, down from 38% last month.
In addition, 24% of survey respondents anticipate an increase in orders over the next three months, up slightly from 22% in May, while 29% forecast a decrease in orders, down from 34% reported in May.
“PMA’s latest Business Conditions Report shows the first uptick in member optimism in three months,” says PMA President David Klotz. “That’s welcome news, but manufacturers still face serious challenges—particularly ongoing trade uncertainty, including the recent doubling of steel and aluminum tariffs to 50%. U.S. metal-using manufacturers already are paying significantly more for steel than their global competitors. If that cost gap continues to widen, customers will increasingly turn to imported finished products, undermining our members’ competitiveness and putting American jobs at risk.
“At the same time, our members are encouraged by the pro-manufacturing provisions in the reconciliation bill moving through Congress,” Klotz continues. “The predictability this legislation provides is critical to their ability to invest in R&D, upgrade equipment and hire more American workers.”
See also: Precision Metalforming Association
Technologies: Management
