Durable goods growth to continue in 2007

United States durable goods manufacturers are expected to invest more than $18 billion in capital equipment in 2007, according to the 2007 Gardner Research Capital Spending Survey. The annual survey, now in its 39th year, is a comprehensive and accurate study of US equipment spending intentions.

Results from the 2007 survey indicate continued growth in the capital equipment spending — albeit at a slower pace. “After three consecutive years of double-digit growth averaging over 20% per year, it's not surprising to see forecasted demand stabilize in 2007. We're projecting a 4% increase in machine tool consumption next year,” said Steve Kline, executive vice-president of Gardner Publications.

Demand for productivity-enhancing equipment remains strong in several key industry segments.

This survey may be accessed at www.gardnerweb.com. Phone Nancy Eigel-Miller at 800-950-8020 for more details.

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